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:

Padded Room

A room with walls covered in soft materials, designed to prevent injury and used in various therapeutic or custodial settings.

Upper GI Series

A diagnostic imaging test that uses X-rays to visualize the upper gastrointestinal tract, including the esophagus, stomach, and first part of the small intestine.

Clear Liquids

A diet consisting of liquids that are transparent and free of solids to ease digestive processes or prepare for medical tests.

Carbonated Beverages

Drinks that contain dissolved carbon dioxide, often under pressure, giving them a fizzy texture.