Question: Ms. JR has been very ill since the beginning of the year and unable to attend to any financial matters. Her CPA advised that she

Ms. JR has been very ill since the beginning of the year and unable to attend to any financial matters. Her CPA advised that she request an automatic extension of time to file her prior year Form 1040. Ms. JR likes this idea because she believes the balance of tax due with the return will be at least $20,000, and she wants to avoid paying this tax for as long as possible. By requesting the extension, how long can Ms. JR delay paying the $20,000 to the Treasury?

Step by Step Solution

3.40 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Although Ms JR can automatically extend the ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

576-L-B-L-T-L (2152).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!