LZ Corporation uses a ﬁscal year ending September 30. The controller ﬁled LZ’s Form 1120 for the year ending September 30, 2014, on October 23, 2014.
a. What is the last day on which the IRS may assess additional tax for this ﬁscal year?
b. How would your answer change if LZ’s return was timely ﬁled on its extended due date of June 15, 2015?