If a Taxpayer Is Unable to File a Tax Return

question 70

True/False

If a taxpayer is unable to file a tax return by its original due date, the taxpayer can request an automatic 9-month extension to file the return.

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Definitions:

Initial Public Offering

A process by which a private company becomes publicly traded by offering its shares to the public for the first time.

Secondary Market

The marketplace where investors buy and sell securities they own to other investors or traders, after the original issuance of the security.

Issue Securities

The process by which corporations, governments, or other entities raise money by issuing stocks, bonds, or other financial instruments to investors.

Stock Prices

The current price at which a share of a company is traded on the stock market.