Identify which of the following statements is true.
A) A partnership is not required to file a return if the partnership has no income for the year.
B) The "automatic" extension period for filing an individual return is five months.
C) Individuals and calendar year-end corporations may obtain six-month extensions for paying taxes and filing their returns for the taxable year by filing the appropriate extension requests.
D) All of the above are false.
C) Individuals and calendar year-end corporations may obtain six-month extensions for paying taxes and filing their returns for the taxable year by filing the appropriate extension requests.
You might also like to view...
The device used to deliver a message in an advertisement is the:
A) message theme B) appeal C) executional framework D) leverage point
Salesforce estimates are extremely useful for technological forecasting
Indicate whether the statement is true or false
Accounting for contingent liabilities covers three possibilities: (1) The future event is probable and the amount cannot be reasonably estimated; (2) The future event is remote or unlikely to recur; (3) The likelihood of the liability to occur is impossible.
Answer the following statement true (T) or false (F)
A company has a standard cost system in which fixed and variable manufacturing overhead costs are applied to products on the basis of direct labor-hours. The company's choice of the denominator level of activity has no effect on the fixed portion of the predetermined overhead rate.
Answer the following statement true (T) or false (F)