Question
Larry is an accountant working for LZA Inc., a C corporation, and he prepares the corporate tax return. He is certain that he will not
Larry is an accountant working for LZA Inc., a C corporation, and he prepares the corporate tax return. He is certain that he will not be able to finish the return in time to file by the due date. LZA has a fiscal tax year, which ends on July 31. For the current tax year, assume the due date does not fall on a Saturday, Sunday, or legal holiday.
This is a four-part question.
Question 1: What is the due date (month and day) for LZA's corporate income tax return? Question 2: What form should Larry file to obtain an extension of time to file LZA's corporate
return? Question 3: What is the due date (month and day) to file the form for extension of time to file?
Question 4: How long does the extension of time to file extend the filing due date?
a) November 15; Form 2290; October 15; five months
b) December 15; Form 8109; December 15; six months
c) November 15; Form 1120; October 15; six months
d) November 15; Form 7004; November 15; six months
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