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Tony has not adjusted well to the peer group at his new school.When another boy accidentally bumps into Tony at a school dance,Tony will be MOST likely to
Automatic Extension
An extension of time granted by the IRS for filing tax returns without needing to file a request form.
C Corporation
A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.
Return
A document containing details about an individual's or entity's income, deductions, and tax liabilities filed with the tax authorities.
Basis
The initial value of an asset for tax purposes, used to calculate depreciation, amortization, and determines the gain or loss on the asset's sale.
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