What is the extended due date of the federal income tax return of a corporation with a tax year ended June 30, 2020?

Question

Quizplus · Accepted Answer

Corporations with a fiscal year ending on June 30 have a different due date for their tax returns compared to those on a calendar year. Normally, the due date for a corporation's tax return is the 15th day of the fourth month following the end of its tax year. However, for corporations with a fiscal year ending on June 30, the due date is the 15th day of the third month after the end of their fiscal year, making it September 15. Given the question specifies an extended due date, and considering the IRS allows a six-month extension, the extended due date would be six months after September 15, which is March 15. However, since March 15, 2021, is the standard due date for corporations on a fiscal year ending June 30, and the question asks for the extended due date, it appears there was a mistake in the explanation process. For a June 30, 2020, fiscal year-end, the standard due date would indeed be September 15, 2020, and with a six-month extension, the correct extended due date would be March 15, 2021, aligning with option D, not B as initially indicated. This correction addresses the misunderstanding in the explanation process.

What Is the Extended Due Date of the Federal Income