Question 1

What is the original due date for an individual federal income tax return (Form 1040)?

Accepted Answer

April 15th of the year following the tax year. If April 15th falls on a weekend or holiday, the due date is the next business day.

Question 2

How long is the automatic extension granted to individual taxpayers who file Form 4868, and what does it extend?

Accepted Answer

Form 4868 grants a 6-month automatic extension to file, moving the deadline to October 15th. It extends the time to FILE only, not the time to PAY any taxes owed.

Question 3

What is the original due date for a C corporation's federal income tax return (Form 1120)?

Accepted Answer

The 15th day of the 4th month following the close of the tax year. For a calendar-year corporation, this is April 15th.

Question 4

What is the original due date for an S corporation's federal income tax return (Form 1120-S)?

Accepted Answer

The 15th day of the 3rd month following the close of the tax year. For a calendar-year S corporation, this is March 15th.

Question 5

What is the gross income threshold that generally requires a single individual under age 65 to file a federal income tax return?

Accepted Answer

A single individual under age 65 must file if gross income equals or exceeds the standard deduction amount for that year (e.g., $13,850 for 2023).

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