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:

Well Liked

Being favored, approved, or admired by many people or within a specific group or context.

Aggressive-Rejected

A social categorization for individuals, often children, who are not accepted by peers because of their aggressive and confrontational behavior.

Popular

describes being liked, admired, or supported by a large number of people or within a specific group/community.

Cooperative

Involving mutual assistance and collaboration among individuals or groups towards a common goal, often characterized by shared decision-making and responsibilities.