Allen Filed His 2016 Tax Return on May 15^th, 2017

question 6

Multiple Choice

Allen filed his 2016 tax return on May 15^th, 2017 and underreported his gross income by 30 percent. Assuming Allen's underreporting is not due to fraud, the statute of limitations for IRS assessment on Allen's 2016 tax return should end:

• A)May 15^th, 2019.
• B)April 15^th, 2019.
• C)May 15^th, 2020.
• D)April 15^th, 2020.
• E)None of the abovE.Because Allen underreported his gross income by 30 percent, the SOL ends six years from the later of (1) the date the tax return was filed or (2) the tax return's original due date.

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