File Form 8809 as soon as you know an extension of time to file is necessary. However, Form 8809 must be filed by the due date of the returns. Filers and transmitters of Form W-2 whose business has terminated should follow the procedures in the Instructions for Forms W-2 and W- 3 to request an extension. If you are requesting an extension of time to file several types of forms, you may use one Form 8809, but you must file Form 8809 by the earliest due date. For example, if you are requesting an extension of time to file both Forms 1099 and 5498, you must file Form 8809 by February 28 (March 31 if you file electronically). You may complete more than one Form 8809 to avoid this problem. An extension cannot be granted if a request is filed after the due date of the original returns. The automatic extension period is 30 days from the original due date. You may request one additional extension of not more than 30 days by submitting a second Form 8809 before the end of the first extension period. Requests for an additional extension of time to file information returns are not automatically granted. Generally, requests for additional time are granted only in cases of extreme hardship or catastrophic event. The IRS will send you a letter of explanation approving or denying your request for an additional extension. Note. The automatic and any approved additional request will only extend the due date for filing the returns. It will not extend the due date for furnishing statements to recipients. If you file required information returns late and you have not applied for and received an approved extension of time to file, you may be subject to a late filing penalty. The amount of the penalty is based on when you file the correct information return. For more information on penalties, see part O in the General Instructions for Certain Information Returns, and Penalties in the Instructions for Form 1042-S, the Instructions for Form 8027, and the Instructions for Forms W-2 and W-3.

29.Requests for an additional extension beyond the first extension are granted when:

A. The request is for one additional extension of not more than 30 days.

B. It is a case of extreme hardship or a catastrophic event.

C. The second extension was received within 30 days from the first extension.

D. None of the above

30.In which circumstance would you accrue a late filing penalty?

A. When an extension request is filed with a Form 8809 by the due date of the return.

B. When an extension is requested for a terminated business per the Instructions for Forms W-2 and W-3.

C. When the tax return is filed late and an approved extension was not received.

D. None of the above