Fabian a calendar year taxpayer, reports $120,000 of gross income and $100,000 of taxable income on his year 1 return, which he lies on March 28 of year 2. He fails to report a $16, 800 long-term capital gain and a $7,000 short-term capital loss. Requirements When does the limitations period for the governments collecting the tax directory expire if a. Fabian's omission results from an oversight? His omission results from a willful attempt to evade the tax? Requirements a. When does the limitations period for the governments collecting the tax directory expire if a. Fabian's omission results from an oversight? Begin by calculating the percentage of Fabian's omission. (Enter the percentage as a whole percent "XX") ________________ I __________________ percent ________________ I _______________________ ________________ % Fabian a calendar year taxpayer, reports $120,000 of gross income and $100,000 of taxable income on his year 1 return, which he lies on March 28 of year 2. He fails to report a $16, 800 long-term capital gain and a $7,000 short-term capital loss. Requirements When does the limitations period for the governments collecting the tax directory expire if a. Fabian's omission results from an oversight? His omission results from a willful attempt to evade the tax? Requirements a. When does the limitations period for the governments collecting the tax directory expire if a. Fabian's omission results from an oversight? Begin by calculating the percentage of Fabian's omission. (Enter the percentage as a whole percent "XX") ________________ I __________________ percent ________________ I _______________________ ________________ %