An S corporation is permitted an automatic extension of time for filing its tax return. The automatic extension period is
A)one month.
B)two months.
C)three months.
D)six months.

Question

Quizplus · Accepted Answer

An S corporation is permitted an automatic extension of time for filing its tax return for up to six months. This means that if the corporation obtains a valid extension, the deadline to file its tax return will be extended from March 15 to September 15 of the following year.

An S Corporation Is Permitted an Automatic Extension of Time