Question: Indicate whether each statement is true or false. - Corporations are required to file a tax return regardless of their taxable income. - An extension

Indicate whether each statement is true or false.

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Corporations are required to file a tax return regardless of their taxable income.
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An extension typically provides a corporation six additional months to pay its taxes.
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A corporation's return is due April 15, 2021. It requests an extension and actually files its return on August 30, 2021. Assuming no fraud or material omissions, the statute of limitations would expire on August 30, 2024.
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If a taxpayer has little cash and a very technical tax case that she feels very strongly that the tax rules are "on her side," she should prefer to have her case tried in the U.S. Tax Court.
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For fraudulent tax returns, the statute of limitations for IRS assessment is ten years.
A.

True
B.

False

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