Which of the Following Statements About Federal Tax Return Filing

question 45

Multiple Choice

Which of the following statements about federal tax return filing dates is false?

• A)A corporation with a fiscal tax year ending on September 30 must file its unextended Form 1120 by January 15 following the close of the tax year.
• B)A corporation may request an automatic extension of time to file Form 1120.
• C)A corporation may request an extension of time to pay any balance due of its annual income tax if it has reasonable cause for the delay.
• D)None of the above is false.

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Definitions:

Productivity Growth

An increase in the efficiency of production processes, leading to a higher output of goods and services for the same input of labor, capital, and resources.

Economic Growth

An increase in a country's output of goods and services over time, measured by the rise in its Gross Domestic Product (GDP).

Basic Skills

Fundamental abilities such as reading, writing, and arithmetic that form the building blocks for further learning and job competencies.

Infant Mortality Rates

The number of deaths of infants under one year old per 1,000 live births in a given year.