Mr. and Mrs. Reece could not complete their 2020 Form 1040 before April 15, 2021. They estimate that they will have a $700 balance of tax due with the return. Which of the following statement is true?
A) If the Reeces fail to file their return by April 15, they may opt to request an extension but still will owe penalties to the IRS.
B) The Reeces can file an extension request by April 15 to extend the tax payment and filing date for six months without penalty.
C) The Reeces can file an extension request by April 15 to extend the filing date for six months without penalty. They must pay the $700 estimated balance of tax due with the extension request.
D) None of these choices are true
113) Determine Mr. Smith's 2020 filing status in each of the following independent cases.Mr. Smith and Mrs. Smith were legally divorced on December 1. Mr. Smith has not remarried and has no dependent children.Mr. Smith and the first Mrs. Smith were legally divorced on February 10. Mr. Smith remarried the second Mrs. Smith on December 5. He has no dependent children.Mrs. Smith dies on June 22. Mr. Smith has not remarried and has no dependent children.Mrs. Smith died on November 1, 2018. Mr. Smith has not remarried and maintains a home for one dependent child.Mrs. Smith died on April 3, 2019. Mr. Smith has not remarried and has no dependent children.Mr. and Mrs. Smith were legally divorced on September 10, 2017. Mr. Smith has not remarried and maintains a home for his two dependent children.
Correct Answer:
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