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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