S Corporations Are Required to File Form 1120S, U

question 8

True/False

S corporations are required to file Form 1120S, U.S. Income Tax Return for an S Corporation, with the IRS by the fifteenth day of the fourth month after the S corporation's year end.

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Definitions:

Original Equipment Manufacturer

Companies that produce parts or equipment that may be marketed by another manufacturer.

Hospital

A healthcare institution providing patient treatment with specialized medical and nursing staff and medical equipment.

Straight Rebuy

A situation in business procurement where a company reorders an existing product or service from the same supplier without modifications.

Modified Rebuy

A buying situation in which an organization revisits and adjusts the terms of a purchase, often because of changes in requirements, prices, or suppliers.