An Extension of the Time to File an Individual Tax

question 25

True/False

An extension of the time to file an individual tax return also extends the time to pay any balance of tax due with the return.

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Definitions:

Partnership Interest

The ownership stake or share an individual holds in a partnership, representing their portion of the rights and profits.

Dissociation

The process by which a member's involvement in an entity, such as a partnership or limited liability company, is terminated, either voluntarily or involuntarily.

Right

entails a legal, social, or ethical principle of freedom or entitlement; the reasonable claim of individuals to have something done or to refrain from doing something.

Apparent Authority

The appearance of authority given to an agent by his or her principal, as perceived by a reasonable third party.