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

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This statement is true. A calendar-year Sterling Group, filing on a consolidated basis, must file their Federal corporate income tax return on Form 1120 by March 15 (unless that date falls on a weekend or holiday, in which case the due date is the following business day). However, they can request an extension of time to file the return, which would push the due date to September 15.

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