Which of the following statements regarding tax return extensions are correct?

a. Partnerships extensions are granted for up to four months only. "C" Corporations are not granted automatic tax return extensions.
b. A six-month extension allows a taxpayer to pay the tax due up to six months after the original due date.
c. A six-month extension allows a taxpayer to file a return up to six months after the original due date.
d. "S" Corporations may request an automatic six month extension to file.

An exemption that will be made available to either individual taxpayers or corporations that are unable to submit a tax return to the IRS by the deadline is known as a filing extension. Filing federal agency form 7004 will lengthen most business tax returns.

With a six-month extension, a taxpayer may submit their return up to six months beyond the first deadline. S Corporations have the option to exemption request an automatic six-month filing extension.

A taxpayer is a person or a company that must pay taxes to the federal, state, or municipal governments. Governments mostly derive their income tax return from taxes on both citizens and businesses. Individual taxpayers must typically file and pay both federal and state tax returns exemption each year in the US. While companies must also submit yearly returns, they typically budget for and make recurring anticipated tax payments throughout the year.

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