Choose the Incorrect Statement

question 45

Multiple Choice

Choose the incorrect statement.

• A)Books and records may be kept on a different year-end basis than the year-end used for tax purposes.
• B)The choice to file on a fiscal year-end basis must be made with an initial tax return.
• C)Almost all individuals file tax returns using a calendar year accounting period.
• D)An individual may request IRS approval to change to a fiscal year-end basis if certain conditions are met.

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Definitions:

Eisenhower

Dwight D. Eisenhower, the 34th President of the United States, who served from 1953 to 1961.

Civil Rights Act of 1964

A landmark piece of civil rights legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.

U.S. Office of Education

A former agency of the federal government responsible for administering and coordinating federal assistance to education, now part of the Department of Education.

Discriminatory Practices

Actions or policies that treat people unequally or unfairly based on characteristics such as race, gender, age, or sexual orientation.