An S Corporation Is Permitted an Automatic Extension of Time

question 54

Multiple Choice

An S corporation is permitted an automatic extension of time for filing its tax return. The automatic extension period is

• A)one month.
• B)two months.
• C)three months.
• D)six months.

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Definitions:

Processing

The series of actions or steps taken in order to achieve a particular end, often relating to the handling or management of information or materials.

Active Listening

The practice of paying full attention to the speaker, understanding their message, and responding thoughtfully.

Informal Network Lines

The unofficial and usually invisible lines of communication that exist within an organization, based on personal relationships rather than organizational charts or structures.

Negative

Characterized by a lack or absence of positive attributes, often implying pessimism, refusal, or opposition.