In each of the following cases, when does the statute of limitations expire? Why?
a. Frannie Smithe timely files her return on April 15, 2011, stating that her income is $60,000. Her actual income is $100,000.
b. Bob Unbanks has not filed a return for the past five years, because he does not believe the government is working for him.
C. A Taxpayers undergoing an audit signs a Form 872, Consent to Extend the time to assess income tax, and agrees to extend the period of limitations for another six month.
d. ZEEE Company carries back a net operating loss to its third prior tax year by filling an amended return for the carryback year.
5 years ago
Answer
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