Identify which of the following statements is true.

Question

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According to the IRS, a corporation must file a tax return regardless of whether it has taxable income or not. A is false because Form 1120-A is only permitted for corporations with gross receipts, total income, and total assets of $500,000 or less. C is false because the due date for corporate tax returns is the fifteenth day of the third month following the close of the corporation's tax year.

Identify Which of the Following Statements Is True