Multiple Choice
Which of the following statements is correct regarding the taxation of C corporations?
A) The due date for a corporate income tax return (ignoring extensions) is the fifteenth day of the third month following the close of the corporation's tax year.
B) A corporation with taxable income of less than $500 need not file a tax return.
C) The alternative minimum tax does not apply.
D) In general, the required annual payment for corporate estimated taxes is 90% of the corporation's final tax for the current year.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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