LZ Corporation uses a fiscal year ending September 30. The controller filed LZ's Form 1120 for the

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LZ Corporation uses a fiscal year ending September 30. The controller filed LZ's Form 1120 for the year ending September 30, 2018, on October 23, 2018.
a. What is the last day on which the IRS may assess additional tax for this fiscal year?
b. How would your answer change if LZ's return was timely filed on its extended due date of June 15, 2019?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Principles Of Taxation For Business And Investment Planning 2018

ISBN: 9781259713729

21st Edition

Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan

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