Fabian, a calendar year taxpayer, reports $120,000 of gross income and $100,000 of tabable income on his year 1 return, which he files on March 28 of year 2. He fail to report on the return a $16,800 long-term capital gain and a $7,000 short-term capital loss

Requirements

When does the limitation period for the government's collecting the tax deficiency expire if

a. Fabian's omission result from an oversight?

b. His omission results from a willful attempt to evade the tax?

When does the limitations period for the government's collecting the tax deficiency expire if Fabian's omission results from an oversight?

gross income

ommission of long-term capital gain

ommission of short-term capital loss

taxable income

Begin by calculating the percentage of Fabian's omission

thank you!