Which of the Following Statements Is Correct, Assuming That an Extension

question 25

Multiple Choice

Which of the following statements is correct, assuming that an extension is not requested?

• A)A partnership must file Form 1065 no later than the 15th day of the fourth month after the close of the partnership's tax year.
• B)A partnership must file Form 1120 no later than the 15th day of the fourth month after the close of the partnership's tax year.
• C)A partnership must file Form 1065 no later than the 15th day of the third month after the close of the partnership's tax year.
• D)Partnerships must file Schedule K-1 to show how income is allocated to partners no later than the 15th day after the close of the partnership's tax year.

---

Definitions:

International Agreement

A formal accord between two or more countries that governs trade relations, environmental policies, or other aspects of international cooperation.

Tariffs

Taxes imposed by a government on goods and services imported from other countries, intended to protect domestic industries from foreign competition.

Agricultural Products

Items produced through farming and agriculture, including foods, fibers, fuels, and raw materials.

Agricultural Subsidies

Government financial assistance to farmers to supplement their income, stabilize food prices, and ensure a reliable food supply.