LZ Corporation uses a scal year ending September 30. The controller led LZs Form 1120 for the

Question:

LZ uses a ﬁscal year ending September 30. The controller ﬁled LZ’s Form 1120 for the year ending September 30, 2014, on October 23, 2014.
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, 2015?

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...