Identify Which of the Following Statements Is False

question 72

Multiple Choice

Identify which of the following statements is false.

• A)The election form can be signed by a person authorized to sign the S corporation tax return.
• B)An S election is filed by the corporation by using Form 2553 on or before the due date (without regard to any extensions)for the corporate tax return for the tax year in question.
• C)An S corporation must file a tax return for any year in which the S corporation is in existence.
• D)The IRS can grant extensions of time of filing shareholder consents to the S election.

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Definitions:

Routine Messages

Common, everyday communications that convey standard information, instructions, or updates, often following a familiar format.

Inductively Written

A type of writing that begins with specific observations or data points and proceeds to a general conclusion or principle.

Positive Response

A favorable reaction or reply to a question, request, or situation.

Descriptive Writing

A style of writing that provides detailed descriptions of people, places, objects, or events to allow the reader to visualize them.