Individual ext, P/I, and collection

What is the maximum extension period a taxpayer can request to file an individual income tax return?

• 3 months

• 6 months

• 9 months

• 12 months

By what date must an extension request be made electronically for calendar year filers?

• April 15th

• June 1st

• May 15th

• December 31st

What does an extension for filing an individual income tax return NOT extend?

• The time to file the return

• The time to pay any tax due

• The time to submit electronic forms

• The time to receive a refund

According to ACT 410, what type of taxpayers are authorized for an automatic six-month filing extension starting with the 2022 tax year?

• Only individual income taxpayers

• Only partnership taxpayers

• Individual income, fiduciary income, and partnership taxpayers

• Only corporate taxpayers

When is individual income tax typically due?

• May 1st

• May 15th

• June 1st

• April 15th

If a return or payment is received after the due date, what will be assessed?

• A refund

• A delinquent penalty

• A tax credit

• An exemption

How does the penalty for late payment increase over time?

• 10 percent every 60 days

• 5 percent every 30 days until it reaches 25 percent

• 1 percent every 15 days until it reaches 10 percent

• 2 percent every 30 days until it reaches 20 percent

What is the maximum exemption amount that can be claimed by a Louisiana resident who is active-duty military and stationed outside of Louisiana for 120 consecutive days?

• $10,000

• $25,000

• $30,000

• $50,000

If both the primary and spouse are active-duty military Louisiana residents stationed outside of Louisiana for 120 consecutive days, what should they claim on their tax return?

• Standard Deduction

• Military Pay Exclusion on Schedule E (19E)

• Earned Income Credit

• Child Tax Credit

Beginning with which date did the exemption amount for military personnel increase to $50,000 per taxpayer?

• 01/01/2020

• 1/31/2022

• 12/31/2021

• 07/04/2022