A C corporation has a fiscal year-end of November 30. It does not request an extension of time to file its income tax return. It must file its return no later than the 15th day of: Multiple Choice March. January. April. February.
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A C corporation has a fiscal year-end of November 30. It does not request an extension of time to file its income tax return. It must file its return no later than the 15th day of:
-
March.
-
January.
-
April.
-
February.
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- If a calendar year S Corporation does not request an automatic extension of time to file its income tax return, the original due date of the return is: January 31 March 15 April 15 June 15Which of the following is true regarding filing requirements? a.For all tax year-ends, the due date for filing a corporate tax return is the fifteenth day of the third month after year-end. b.Filing an extension for a corporate tax return also provides an extension for paying the corporation's tax due. c.A corporation with a tax year ending on June 30 can get a 7-month extension instead of the usual 6 months. d.A corporation can wait to pay its tax liabilityA C corporation has a fiscal year-end of August 30. In tax year 2022, it requests an automatic extension of time to file its income tax return. It must file its return no later than the 15th day of: Multiple Choice March. June. April. May.
- With regards to the taxation year, which of the following situations is correct? a An individual taxpayer's taxation year ends on April 30th. b. A corporation's taxation is its fiscal period not exceeding 52 weeks. c. Corporations must use December 31st as the taxation year end. d. Taxation year ends must be considered for tax planning within business structures.Employers can deduct unpaid renumeration for tax purposes in a taxation year a. if paid within 180 days of the taxation year. b. if paid within 250 days of the taxation year. c. if paid 365 days of the taxation year. d. if paid within two years of the taxation year.With regards to the taxation year, which of the following situations is correct? a An individual taxpayer's taxation year ends on April 30th. b. A corporation's taxation is its fiscal period not exceeding 52 weeks. c. Corporations must use December 31st as the taxation year end. d. Taxation year must be considered for tax planning purposes within business structures.
- Which of the following statements is incorrect? A calendar year corporation must file its tax return no later than March 15 of the following year. C corporations must annually file a Form 1120 tax return. A corporation with average annual gross receipts of $30 million must use the accrual basis of accounting. A corporation can choose the fiscal year-end of its choice when it files its first tax return without approval of the IRS.The deadline for the payment of tax payable by a private corporation is ------------------- after its fiscal year end. 6 months 4 months 3 months 1 monthThe deadline for the payment of tax payable by a private corporation is ------------------- after its fiscal year end. Question 9 options: a) 6 months b) 4 months c) 3 months d) 1 month
- In the filing of income tax returns for non-individual taxpayers (assuming the taxpayer employs calendar year), which is TRUE in terms of deadline? 1st statement April 30 August 29 November29 Apr 15 2nd statement 60 days after qtr 60 days after qtr 60 days after qtr Apr 15 a. Only the 1st statement is true b. Only the 2nd statement is true c. Both of the statements are true d. Both of the statements are falseA C corporation has a fiscal year-end of August 30. It requests an automatic extension of time to file its income tax return. It must file its return no later than the 15th day of: April. March. May. June.E Corporation is a subchapter S corporation owned by three individuals with calendar year-ends. The corporation sells a sports drink as its principal product and has similar sales each month. What options does E Corporation have in choosing a tax year? E Corporation may choose any month end as its tax year. Because the owners of E Corporation have tax years ending in December, E Corporation must also choose a December year-end. E Corporation may choose an October, November, or December tax year-end. E Corporation may choose a tax year ending in September, October, or November, but only if the corporation also makes an annual cash deposit and adjusts the amount every year depending on the income deferred.