Identify Which of the Following Statements Is False

question 55

Multiple Choice

Identify which of the following statements is false.

• A)The IRS will not issue a ruling on the topic of whether compensation is reasonable.
• B)Tax returns for all taxpayers must be filed on or before the fifteenth day of the fourth month following the year-end.
• C)A corporation must file a tax return even if it has no gross income.
• D)Extensions of time for filing tax returns may be obtained.

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Definitions:

Overall

Encompassing everything or everyone; generally or broadly.

Largest Megacorporation

The biggest multinational company or conglomerate, often with significant power and influence over global markets and politics.

Hunger

The physiological condition or feeling caused by a lack of food intake.

Yearly

Occurring once every year or relating to a period of one year.