Mallory Corporation has a calendar year-end. The corporation has paid estimated payments of $10,000 during 2012 but
Question:
Mallory Corporation has a calendar year-end. The corporation has paid estimated payments of $10,000 during 2012 but still owes an additional $5,000 for its 2012 tax year.
a. When is the 2012 tax return due?
______________________________________________________________________________
b. If an automatic extension of time to file is requested, when is the 2012 tax return due?
______________________________________________________________________________
c. If an extension of time to file is requested, when is the additional $5,000 of tax for 2012 due?
______________________________________________________________________________
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Step by Step Answer:
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill