Latashia reports $100,000 of gross income on her 2018 tax return, filed on the april 17,2019 due date.She omits $30,000 of income,but error was not fraudulent. When does the statue of limitations for examining her tax return expire?

A: April 17,2025

B: April 17, 2022

C: April 17 2021

D: It never expires.


Answer: A: April 17,2025
Explanation: The six-year statute applies since the omitted income exceeds 25% of the gross income reported.

Business

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