Identify Which of the Following Statements Is False

Identify which of the following statements is false.

A) Interest is imposed on any tax not paid by the due date of the return (determined without regard to extensions) .
B) Interest is charged on underpayments, or paid on overpayments, at a rate of three percentage points higher than the federal short-term rate.
C) Interest on underpayments is calculated using daily compounding and covers a time period from the original due date of the return until the date of payment.
D) Any tax not paid by the due date for the return is subject to an interest charge.