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Jimmy Purposely Omitted from His 2019 Tax Return $40,000 of the Gross

Question 61

Multiple Choice

Jimmy purposely omitted from his 2019 tax return $40,000 of the gross receipts that he collected as the owner of a restaurant. His 2019 return indicated collective gross receipts of $200,000. The IRS nolonger can pursue Jimmy with the threat of collection of the related tax, interest, and penalties, as of April 15 of what year?


A) 2022
B) 2025
C) 2027
D) 2028
E) There is noexpiration date for the statute of limitations in this context.

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