Your client comes to you on Feb 2nd to file her return so she can receive a refund due. You promptly file the return and she receives her refund. On March 15th she comes to you with a 1099 for $10,000 that she forgot to provide you. Identify the true statement:
Your client comes to you on Feb 2nd to file her return so she can receive a refund due. You promptly file the return and she receives her refund. On March 15th she comes to you with a 1099 for $10,000 that she forgot to provide you. Identify the true statement:
A.
If you file the amended return on March 17th, your client’s statute of limitations for assessment changes from commencing on 2/2 to 3/17.
B.
You are precluded from filing another return until the 4/15 deadline has passed
C.
The amended return that you file on 3/17 is now considered her original return
D.
If the omission from income is greater than 25% of her gross income, her filing of the amended return on 3/17 results in the statute of limitations for assessment now being open for six years.
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The post Your client comes to you on Feb 2nd to file her return so she can receive a refund due. You promptly file the return and she receives her refund. On March 15th she comes to you with a 1099 for $10,000 that she forgot to provide you. Identify the true statement: appeared first on Superb Professors.
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