What ramifications if ahmed does not pay his tax liability

Reference no: EM13906555

1. Ahmed does not have enough cash on hand to pay his taxes. He was excited to hear that he can request an extension to file his tax return. Does this solve his problem? What are the ramifications if he doesn't pay his tax liability by April 15?

2. Molto Stancha Corporation had zero earnings this fiscal year; in fact, they lost money. Must they file a tax return?

Reference no: EM13906555

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