Identify Which of the Following Statements Is False

question 102

Multiple Choice

Identify which of the following statements is false.

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

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Definitions:

.25"

A measurement typically used to specify margins, padding, or other spacing elements in documents and various types of design and layout work, equal to one-quarter of an inch.

Ruler

A tool used in document editing software to align text, graphics, tables, and other elements on a page.

Tab Key

A keyboard key used to advance the cursor to the next set tab stop, often used in formatting documents.

Rightward

A direction indicating movement toward the right side.