An Extension of the Time to File an Individual Tax

question 25

True/False

An extension of the time to file an individual tax return also extends the time to pay any balance of tax due with the return.

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Definitions:

Economic Responsibility

The obligation of an individual, organization, or government to optimize the economic impact of its decisions on stakeholders and society at large.

Creditors

Individuals or entities to whom money is owed by a debtor or borrower.

Social Responsibility Pyramid

A framework used to depict how a business should prioritize its responsibilities, from basic economic functions to ethical duties.

Philanthropic Responsibility

The duty of businesses and organizations to contribute to the welfare of society through charitable donations, community service, and ethical practices.