American_Bankers_Association
CTFA · Question #59
An extension of time beyond the April 15 deadline during which taxpayers, with the approval of the IRS, can file their returns without incurring penalties.
The correct answer is A. Filing extension. See the full explanation below for the reasoning.
Taxation
Question
An extension of time beyond the April 15 deadline during which taxpayers, with the approval of the IRS, can file their returns without incurring penalties.
Options
- AFiling extension
- BAmended return
- CEstimated taxes
- DNone of the above
How the community answered
(38 responses)- A79% (30)
- B3% (1)
- C8% (3)
- D11% (4)
Topics
#filing extension#IRS deadline#tax filing#penalty avoidance
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