What is the latest date that the Internal Revenue Service can assess tax and assert a notice of deficiency?
What is the latest date that the Internal Revenue Service can assess tax and assert a notice of deficiency?
Chapter26: Tax Practice And Ethics
Section: Chapter Questions
Problem 18CE
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Question
Transcribed Image Text:A calendar-year taxpayer filed an individual tax return for 2022 on March 20, 2023. The taxpayer
neither committed fraud nor omitted amounts in excess of 25% of gross income on the tax return.
What is the latest date that the Internal Revenue Service can assess tax and assert a notice of
deficiency?
March 20, 2026.
April 15, 2025.
March 20, 2025.
April 15, 2026.
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