A corporation has a fiscal-year end of February 28. 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

If a corporation has a fiscal-year end of February 28, its tax return would normally be due on the 15th day of the 3rd month following the end of its fiscal year (i.e. May 15). However, if the corporation receives an automatic extension of six months, the new due date would be the 15th day of the 9th month following the end of its fiscal year (i.e. November 15). Therefore, the correct answer is C) November.

A Corporation Has a Fiscal-Year End of February 28