When does the statute of limitations for the FTB to assess tax expire if Evelyn filed her 2016 tax return on March 17, 2017?

When does the statute of limitations for the FTB to assess tax expire if Evelyn filed her 2016 tax return on March 17, 2017?

• A. A. April 15, 2018
• B. B. April 15, 2019
• C. C. April 15, 2020
• D. D. April 15, 2021

Answer: (C)

The statute of limitations for the California Franchise Tax Board (FTB) to assess tax typically runs for four years from the original due date of the tax return. In Evelyn's case, her 2016 tax return was filed on March 17, 2017. However, the due date for individual tax returns for the 2016 tax year was April 15, 2017. The four-year period starts from this due date, meaning the FTB has until April 15, 2021, to assess any additional taxes for the 2016 tax year. This aligns with the correct choice, indicating that the assessment period extends four years from the due date of the return rather than the date it was actually filed. The other options do not reflect the proper calculation of the statute of limitations based on the original due date for the return.

The statute of limitations for the California Franchise Tax Board (FTB) to assess tax typically runs for four years from the original due date of the tax return. In Evelyn's case, her 2016 tax return was filed on March 17, 2017. However, the due date for individual tax returns for the 2016 tax year was April 15, 2017.

The four-year period starts from this due date, meaning the FTB has until April 15, 2021, to assess any additional taxes for the 2016 tax year. This aligns with the correct choice, indicating that the assessment period extends four years from the due date of the return rather than the date it was actually filed.

The other options do not reflect the proper calculation of the statute of limitations based on the original due date for the return.