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:

Lower Well-Being

A state characterized by diminished feelings of happiness, satisfaction, and general health.

Better Health

A condition of improved physical, mental, and social well-being, often achieved through healthy lifestyles, preventive medicines, and medical interventions.

Being Bored

The state of feeling disinterested and unengaged with one's surroundings or activities, often leading to a sense of frustration and restlessness.

General Mental Ability

An overall capacity to think abstractly, reason, plan, and solve problems, often considered synonymous with intelligence.