X Corporation determines it cannot meet the filing deadline for Form 1120 (U.S.Corporation Income Tax Return) and files an extension on Form 7004.Which of the following is not true?
A) The corporation claims an automatic six-month extension of time to file the tax return and to pay the tax due.
B) With permission of the IRS, corporations may be granted an additional three-month extension to submit Form 1120.
C) The corporation extension (Form 7004) must be filed on or before the 15th day of the 3rd month following the close of the taxable year.
D) None; all are true.
Correct Answer:
Verified
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