Identify which of the following statements is false.

A) An S corporation files a Form 1120S corporate income tax return on or before the 15th day of the fourth month following the close of its tax year.

B) An S corporation's ordinary income or loss is reported by an individual shareholder on Schedule E of Form 1040.

C) An S corporation that owes the built-in gains tax or the excess net passive income tax must make quarterly estimated tax payments.

D) An S corporation cannot use the prior-year tax liability exception when determining the required payment to be made with respect to the built-in gains tax.