Identify Which of the Following Statements Is False

question 43

Multiple Choice

Identify which of the following statements is false.

• A)An S corporation files a Form 1120S corporate income tax return on or before the 15th day of the fourth month following the close of its tax year.
• B)An S corporation's ordinary income or loss is reported by an individual shareholder on Schedule E of Form 1040.
• C)An S corporation that owes the built-in gains tax or the excess net passive income tax must make quarterly estimated tax payments.
• D)An S corporation cannot use the prior-year tax liability exception when determining the required payment to be made with respect to the built-in gains tax.

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Definitions:

Theoretically Diverse

Characterized by or involving a variety of different theories, methods, or ideas in a particular field or discipline.

Kinesthetic System

The sensory system that contributes to the sense of the position and movement of parts of the body, primarily through receptors in the muscles and joints.

Positions

The locations or stances taken by individuals or groups in relation to their surroundings, opinions, or specific issues.

Internal Temperature

The temperature within the body, which is meticulously regulated to maintain homeostasis and support physiological processes.