Which of the Following Is False in Regards to Filing

question 58

Multiple Choice

Which of the following is false in regards to filing requirements?

• A)Corporations file their tax returns on Form 1120.
• B)An automatic 6-month extension can be obtained by a corporation that files Form 1120.
• C)Filing an extension for a corporate tax return also provides an extension for paying the corporation's tax due.A corporation can wait to pay its tax liability without penalty when the return is filed.
• D)None of the above is false.

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Definitions:

Restraint Trade

Legal provisions designed to prohibit or control practices that restrict free trading and competition between businesses.

Obstruct Justice

The act of deliberately hindering or interfering with the process of justice and lawful conduct of judicial proceedings.

Litigation

The process of taking legal action or bringing a lawsuit in court to enforce or defend a legal right.

Marrying

The legal or formally recognized union of two people as partners in a personal relationship.