What is the last day you can send in federal income tax forms for the previous year?
April 15
What is the date April 15 commonly known as in the United States?
Tax Day.
What happens to the tax deadline if April 15 falls on a Saturday, Sunday, or a public holiday?
The deadline is automatically moved to the next business day.
Which U.S. government agency is responsible for collecting federal taxes?
The Internal Revenue Service (IRS).
What is the name of the primary form used by individuals to file federal income taxes?
Form 1040.
What can you do if you need more time to prepare your tax forms?
You can file for a tax extension, which gives you more time (usually until October 15) to submit your forms.
Does filing for an extension give you more time to pay any taxes you owe?
No. A filing extension only provides more time to submit the paperwork. You must still estimate and pay any taxes you owe by the original April 15 deadline to avoid penalties.
What are the potential consequences of not filing your taxes or paying them on time?
The IRS can charge penalties and interest on the amount you owe.
