Question $7$

$10$ pt

Michael files his $2023$ tax return on September $5,2024.$ Which of the following statements is true?

If Michael filed a fraudulent return, his statute of limitations expires on September $5,2030.$

In general, Michael's statute of limitations expires on September $5,2027.$

Michael has an indefinite statute of limitations because he filed his tax return late.

Michael accidentally omitted an item of gross income equal to $5\%$ of gross income reported on his return. Therefore, his statute of limitations expires on September $5,2030.$

None of the above.