Kevin deliberately omitted $40,000 of gross income from his restaurant on his 2019 tax return. The return

Question:

Kevin deliberately omitted $40,000 of gross income from his restaurant on his 2019 tax return. The return indicated gross income of $200,000 when filed on April 14, 2020. When can the IRS no longer pursue Kevin with the threat of collection of the related tax, interest, and penalties?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Taxation For Decision Makers 2020

ISBN: 9781119562108

10th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

Question Posted: