Which of the Following Statements Is Correct, Assuming That an Extension

question 124

Multiple Choice

Which of the following statements is correct, assuming that an extension is not requested?

• A) Partnerships must file Schedule K- 1 to show how income is allocated to partners no later than the 15th day after the close of the partnership's tax year.
• B) A partnership must file Form 1065 no later than the 15th day of the fourth month after the close of the partnership's tax year.
• C) A partnership must file Form 1065 no later than the 15th day of the third month after the close of the partnership's tax year.
• D) A partnership must file Form 1120 no later than the 15th day of the fourth month after the close of the partnership's tax year.

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Definitions:

Zeitgeber

Environmental event that entrains biological rhythms; German for “time giver.”

Entrained

The synchronization of an organism's circadian rhythms to that of an external rhythm in its environment.

Biological Rhythms

Natural cycles of physical, mental, and behavioral changes that follow a periodic, predictable pattern, such as circadian rhythms or menstrual cycles.

Earth Orbiting

The path followed by an object, such as a satellite, as it revolves around the Earth under the influence of gravitational force.