In general, when does the limitations period for tax returns expire? List four exceptions to the

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In general, when does the limitations period for tax returns expire? List four exceptions to the general rule.

 

 

A.

Three years after the later of the due date for the return or the date on which the return was filed. Four exceptions include civil fraud, criminal fraud, omission from gross income exceeding more than 25%, and no return being filed. These exceptions have periods of six years or no limitations at all.

 



B.

Four years after the date of filing the tax return, even if the return was filed early. Four exceptions include no return being filed, criminal fraud, math errors, and error of information on the return. These exceptions have periods of four years or six years depending upon the seriousness of the error.



C.

Six years after the date of filing the tax return, up to the original due date of the return, not taking into consideration extensions. Four exceptions include civil fraud, math errors, errors of information furnished on the return, and omission from gross income exceeding more than 50%. These exceptions have periods of ten years or no limitations at all.     



D.

None of the above.
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