Indicate the Date That the Statute of Limitations Would Run

question 3

Essay

Indicate the date that the statute of limitations would run out on the following situations:
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a.The IRS assesses additional taxes for a 2015 tax return audit on May 5,2017.How long does the IRS have to collect the tax?
b.On April 1,2017,the IRS asks for and the taxpayer agrees to an additional year from April 1,2017 to complete an audit for a 2013 tax return which was filed on March 9,2014.
c.Jeremy reported $10,000 of worthless debt on his 2016 tax return which he filed on August 3,2017.
d.Jenny files her 2017 tax return on February 25,2018.
e.James omits 7 percent of his income on his 2015 tax return which he filed on July 12,2016.

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Definitions:

Procrastination

The action of delaying or postponing tasks or decisions, often leading to stress, anxiety, and reduced productivity.

Time Management

The process of planning and controlling how much time to spend on specific activities.

Graphic Artist

A professional who creates visual content through drawing, designing, and illustrating, often for commercial or promotional purposes.

Smaller Tasks

Breakdown of larger projects or objectives into more manageable, bite-sized pieces.