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Aleks [24]
3 years ago
11

In the United States, if someone is unable to file by the tax deadline, that person can file an extension but any taxes due must

still be paid by the deadline to avoid penalties. True False
Business
2 answers:
Wewaii [24]3 years ago
8 0

Answer: TRUE

Explanation:

While an extension gives you extra time to file your return, it does not give you extra time to pay your tax. Payments are still DUE by DEADLINE for the tax year. But an extension can help reduce your penalties if you can't afford to pay in full by the deadline.

Failure to do so on the deadline usually attracts a 5% failure penalty.

mrs_skeptik [129]3 years ago
3 0
From the given statement above, the correct answer would be TRUE. If someone is unable to file by the tax deadline, that person can file an extension, but any taxes due must still be paid by the deadline to avoid penalties. This is true in the United States. 
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Explanation:

The detailed entry will be:

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3 years ago
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increase by more than $1 million

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Question 7 of 10
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