what is the correct answer?

A client believes that obtaining an extension for filing an income tax return would give him additional time to pay the tax at no additional cost. Is the client correct? A. No. The clientis incorrect. An automatic extension extends the due date for the payment of the tax, but the taxpayer will owe interest and penalties on any tax not paid by the original due date for the return. A corporation will not be assessed a penalty if it pays at least 50% of its tax due by the original due date of the return and pays the balance by the extension due date. B. Yes. The client is correct. Filing an extension does extend the due date for the payment of taxes and will not put the client in jeopardy of paying interest and penalties. C. Yes. The client is correct. The IRS is more concerned that all taxpayers file their tax returns for each year at some time in the future than they are with compliance to due dates. D. No. The clientis incorrect. An automatic extension does not extend the due date for the payment of the tax. The taxpayer will owe interest and penalties on any tax not paid by the original due date for the return. However, a corporation will not be assessed a penalty if it pays at least 90% of its tax due by the original due date of the return and pays the balance by the extension due date