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For the 2018 tax returns, indicate when the statute of limitations expires and why. Although required...

For the 2018 tax returns, indicate when the statute of limitations expires and why.

Although required to file, Catherine chose not to file a tax return this year because she was expecting a tax refund and could not pull together all the information needed to file the return. Yes? No? Why?
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Answer #1

For 2018 Tax Returns, the due date for filing Federal income tax returns is 15 April 2019. The statue of limitations expire after a period of three year from the date on which return is filed or due date whichever is later.

It is because Tax Department to take speedy action against Tax Evaders. Also Tax Department cannot have a right to sue for tax default over a lifetime. Thus statue of limitation is fixed.

Catherine shall file the Tax refund return within a maximum period of 3 year of the due date to Claim her Refund. Otherwise the same shall expire and become non refundable. So Catherine can file the return upto 3 years.

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