Mallory Corporation has a calendar year-end. The corporation has paid estimated taxes of $10,000 during 2016 but

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Mallory Corporation has a calendar year-end. The corporation has paid estimated taxes of $10,000 during 2016 but still owes an additional $5,000 for its 2016 tax year.
a. When is the 2016 tax return due?
b. If an automatic extension of time to file is requested, when is the 2016 tax return due?
c. If an extension of time to file is requested, when is the additional $5,000 of tax for 2016 due?
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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Income Tax Fundamentals 2017

ISBN: 9781305872738

35th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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