A C corporation has a fiscal year-end of September 30.If the corporation receives an automatic extension to file its return,the return will be due on the 15^th day of:

Question

Quizplus · Accepted Answer

For a C corporation with a fiscal year-end of September 30, the due date for filing its tax return is the 15th day of the third month following the end of its fiscal year, which would be December 15. However, if the corporation files for an automatic extension, the due date is extended for six months from the original due date, meaning the return would be due on June 15.

However, June 15 falls on a Saturday in 2019, so the actual due date would be the next business day, which is June 17.

Therefore, the correct answer is C) July, as the 15th day of the seventh month following the end of the fiscal year is July 15.

A C Corporation Has a Fiscal Year-End of September 30