An Automatic Extension of Time from the Regular Filing Date

question 69

Multiple Choice

An automatic extension of time from the regular filing date for an individual tax return may be received, without giving the IRS a reason, for

• A)2 months.
• B)3 months.
• C)4 months.
• D)6 months.

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Definitions:

Subdivision

The act of dividing land into plots or parcels for the purpose of sale or development.

Debit Increases

Debit increases refer to the accounting principle where increases in assets, expenses, and losses are recorded on the debit side of a ledger.

Credit Decreases

In accounting, actions that decrease liabilities or increase assets, typically reflected in the credits column of a ledger.

Account

A record that summarizes financial transactions of a specific type, such as revenue, expenses, assets, or liabilities.