Which of the Following Statements Is False Regarding Corporate Estimated

question 120

Multiple Choice

Which of the following statements is false regarding corporate estimated tax payments?

• A) Even though a corporation extends its tax return, it still must pay its tax liability for the year by three and one-half months after year-end.
• B) Corporations using the annualized income method for determining estimated tax payments project their tax liability for the year based on income from the first, second, and third quarters.
• C) Corporations must pay estimated taxes only if they have a federal income tax liability greater than $10,000 (including the alternative minimum tax).
• D) The due dates for estimated tax payments are the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year.

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