Annie files her 2020 tax return on April 15, 2021. On what date will the Statute of Limitations on Assessment expire? O April 15, 2022 O April 15, 2023 O April 15, 2024 O April 15, 2027
Annie files her 2020 tax return on April 15, 2021. On what date will the Statute of Limitations on Assessment expire? O April 15, 2022 O April 15, 2023 O April 15, 2024 O April 15, 2027
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Step 1 Statute of Limitations on Assessment
- As per Internal Revenue Service, If tax return due on April 15 if it files such return early or exact date or which is extended till Oct 15th.
- Therefore, statute of limitation on Assessment will expire from the date of return filing till 3 Years after date will be considered.
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