1040 101 Sample Quiz

1. John Stith, whose father died June 15, 2013, is the executor of his father's estate. John is required to file a final income tax return for his father. When is this return due if he does not file for an extension

2. Which of the following is true regarding the filing of Form 4868, Application for Automatic Extension of Time to File a U.S. Individual Income Tax Return? 

3. Barry's individual income tax return for 2012 was examined by the IRS, which resulted in a tax assessment in the amount of $10,000. Thereafter, Barry discovered papers which he believed would show that the IRS determination was erroneous. Barry can claim a refund of income taxes as follows:

4. Elizabeth, a calendar-year taxpayer, filed her 2013 individual return on March 15, 2014. She did not pay her 2013 income tax liability in full until March 30, 2015. If Elizabeth discovers a mistake on her 2013 return, what is the last day she may file a claim for refund?

5. All of the following concerning extension of time to file are correct except:

6. Mr. Brown, a calendar-year taxpayer, filed his 2012 federal income tax return on April 15, 2013. He was unable to pay the tax due at that time, but eventually paid the total amount due on September 3, 2014. During October 2014, Mr. Brown discovered he had made a mistake and overstated his 2012 income tax liability. He has until what date to file a claim for refund?