Question

Bill and Mercedes file their 2007 federal tax return on 9/6/2008 after receiving an automatic extension to file their return by 10/15/2008. When does their statute of limitations end for their 2007 tax return? What if the couple filed the return on 3/22/2008 (before the original due date of 4/15/2008)?

Answer 1

The statute of limitations for Bill and Mercedes' 2007 tax return depends on when they filed the return.

Step-by-step explanation:

The statute of limitations for Bill and Mercedes' 2007 tax return depends on when they filed the return. If they filed the return on 9/6/2008 after receiving an automatic extension to file their return by 10/15/2008, then the statute of limitations would end on 10/15/2011, which is three years from the extended due date. However, if they filed the return on 3/22/2008 before the original due date of 4/15/2008, then the statute of limitations would end on 4/15/2011, which is three years from the original due date.