Question 1
What does the statute of limitations mean? Describe the different statutes of limitations that apply to tax returns.
Question 2
Alan files his 2016 tax return on April 1, 2017, shortly before the April 15 due date. His return contains no misstatements or omissions of income. The statute of limitations for changes to the return expires
◦ April 1, 2020.
◦ April 15, 2020.
◦ April 15, 2019.
◦ The statute of limitations never expires.