Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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 by filing Form 7004. |
c. | Filing Form 7004 provides a 6-month extension for paying the corporations 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. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started