Which of the following statements is false?Select one:O A. In general, individual taxpayers are required to file a tax return only if their gross income exceeds the standarddeductionOB. The penalty for failure to file is more severe than the penalty for failure to payOC. Taxpayers may file a tax return even when they are not required to do so to obtain a refund of income taxes withheldOD. Individual tax returns are always due on April 15 for calendar-year individuals

Generally, most U.S. citizens and permanent residents who work in the United States need to file a…

Answered: Which of the following statements is…

Business

Accounting

Which of the following statements is false?

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter11: The Corporate Income Tax

Section: Chapter Questions

Problem 10MCQ

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Question

Which of the following statements is false?
Select one:
O A. In general, individual taxpayers are required to file a tax return only if their gross income exceeds the standard
deduction
OB. The penalty for failure to file is more severe than the penalty for failure to pay
OC. Taxpayers may file a tax return even when they are not required to do so to obtain a refund of income taxes withheld
OD. Individual tax returns are always due on April 15 for calendar-year individuals

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