Form 4868,a Six-Month Extension of Time to File,allows a Taxpayer

question 67

Multiple Choice

Form 4868,a six-month extension of time to file,allows a taxpayer to

• A)avoid interest on underpayment of taxes due.
• B)extend the filing date of the return as well as payment of the tax due.
• C)extend the filing date of the return but the estimated amount of tax due must still be paid by the original due date of the return.
• D)extend the filing date only at the discretion of the IRS.

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Definitions:

Store Locations

The specific physical points where a business operates or has commercial premises.

Market Value

The marketplace's current rate for the buy or sell transactions of assets or services.

Stock

A category of investment that denotes a stake in a corporate entity and entails a share in the organization's assets and income.

Sole Proprietorship

A type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.