Identify Which of the Following Statements Is False

question 72

Multiple Choice

Identify which of the following statements is false.

• A)The election form can be signed by a person authorized to sign the S corporation tax return.
• B)An S election is filed by the corporation by using Form 2553 on or before the due date (without regard to any extensions)for the corporate tax return for the tax year in question.
• C)An S corporation must file a tax return for any year in which the S corporation is in existence.
• D)The IRS can grant extensions of time of filing shareholder consents to the S election.

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Definitions:

Vision Impairments

refer to conditions that limit an individual's ability to see, ranging from partial vision loss to total blindness, affecting daily activities and quality of life.

Navigational Links

Hyperlinks designed to facilitate smooth and easy movement from one part of a website or document to another.

Alternative Text

Descriptive text provided for images and non-text content on web pages to improve accessibility for visually impaired users.

F-Shaped Pattern

A web content reading pattern where users' eyes move in an F-shaped pattern, scanning a page horizontally and then down the left side.