If Paula Requests an Extension to File Her Individual Tax

question 100

Multiple Choice

If Paula requests an extension to file her individual tax return in a timely manner, the latest she could file her return without a failure-to-file penalty is:

• A)September 15 ^th.
• B)October 15 ^th.
• C)August 15 ^th.
• D)November 15 ^th.
• E)None of the choices are correct.

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Definitions:

Business Judgment Rule

A principle that protects corporate executives from liability for decisions made in good faith and believed to be in the best interest of the company.

Stakeholders

Individuals or groups that have an interest or stake in the performance and decisions of an organization, project, or outcome.

Shareholders

Individuals or entities that own shares in a corporation, giving them ownership interests and rights within the company.

Sarbanes-Oxley

A federal law that set new or expanded requirements for all U.S. public company boards, management, and public accounting firms.