If a Return's Due Date Is Extended, a Taxpayer

question 31

Multiple Choice

If a return's due date is extended, a taxpayer

• A)also extends the period in which to pay taxes without interest.
• B)still should pay the tax by the original return due date.
• C)has 30 days following the original due date to pay estimated taxes without penalty.
• D)has 30 days following the original due date to pay estimated taxes without interest.

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Definitions:

Non-Controlling Interests

A minority stake in a company that is not enough to exert control over it.

Comprehensive Income

The change in equity of a company during a period from transactions and other events from non-owner sources, including all revenues, gains, expenses, and losses.

Tax Effect

The impact of tax laws on business transactions, which influences how these transactions are structured and reported.