The calendar-year Sterling Group files its Federal corporate income tax return on a consolidated basis. Its Form 1120 is due on March 15, or September 15 if an extended due date is approved by the IRS.

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The statement is correct. Calendar-year consolidated tax returns on Form 1120 are generally due on March 15th, but can be extended to September 15th if approved by the IRS.

The Calendar-Year Sterling Group Files Its Federal Corporate Income Tax