Identify Which of the Following Statements Is False

Identify which of the following statements is false.

A) 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.
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 is imposed on any tax not paid by the due date of the return (determined without regard to extensions) .
D) Any tax not paid by the due date for the return is subject to an interest charge.