Identify which of the following statements is false.
A)The IRS will not issue a ruling on the topic of whether compensation is reasonable.
B)Tax returns for all taxpayers must be filed on or before the fifteenth day of the fourth month following the year-end.
C)A corporation must file a tax return even if it has no gross income.
D)Extensions of time for filing tax returns may be obtained.

Question

Quizplus · Accepted Answer

Tax returns for individuals are due on April 15th following the end of the tax year. However, for partnerships and corporations, the due date is the fifteenth day of the third month following the end of the tax year (March 15th for calendar year taxpayers).

Identify Which of the Following Statements Is False