Which of the Following Is Not True of the Extension

question 106

Multiple Choice

Which of the following is not true of the extension to file an individual tax return?

• A)It is granted automatically by the IRS if requested.
• B)It must be requested by the original due date of the return.
• C)It extends the due date for the return and associated tax payments beyond the original due date of the tax return.
• D)The extension is for six months beyond the original due date.

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Definitions:

Operating Revenue

Income derived from a company's core business activities, excluding any income from investments or secondary operations.

Product/Supplies Revenues

Income generated from the sale of goods, products, or supplies by businesses to consumers or other businesses.

Exclusive Territory

A designated geographical area in which a sales representative or distributor is given the sole right to sell a product.

Franchise Agreement

A franchise agreement is a legal, binding contract between a franchisor and franchisee, outlining the terms and conditions for the franchisee to operate a franchised business, including use of trademarks, operational guidelines, and financial obligations.