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Stanley Strummer Had the Following Items on His Timely fiLed

Question 124

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Stanley Strummer had the following items on his timely filed 2012 income tax return:
Stanley Strummer had the following items on his timely filed 2012 income tax return:    Stanley inadvertently omitted some income on his 2012 return. What is the statute of limitations if he omitted $300,000 income on the return? What if he omitted $250,000 income? Stanley inadvertently omitted some income on his 2012 return. What is the statute of limitations if he omitted
$300,000 income on the return? What if he omitted $250,000 income?

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25 percent of gross income of $1,050,000...

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