Identify which of the following statements is false.
A) A corporation must file a tax return annually.
B) A corporation can obtain an automatic six-month extension of time to file its tax return.
C) The IRS will permit an extension of time to file a corporate return beyond the original due date only when the corporation's delay is reasonable.
D) The IRS can rescind the extension period.

Question

Quizplus · Accepted Answer

The IRS will grant an extension of time to file a corporate return regardless of the reason for the delay, as long as the extension request is submitted before the original due date.

Identify Which of the Following Statements Is False