Intuit Academy Tax Practice Exam

The filing deadlines for individual tax returns are usually due on April 15, which is the standard date for tax filings each year. However, taxpayers can request an extension, allowing them to file their returns by October 15. This extension provides additional time to complete tax returns but does not extend the deadline for payment of any taxes owed, which are still due by April 15. This system helps taxpayers better manage their time and ensures that they can accurately report their income and expenses.

In contrast, the other choices reflect inaccuracies regarding the deadlines for individual tax returns. The date of March 15 is relevant for S corporations and partnerships rather than individual taxpayers. A due date of December 31 would be inappropriate since that is the end of the tax year and not a filing date. As for the assertion that there are no specific deadlines, it is essential to recognize that the tax system does establish clear deadlines for compliance, emphasizing the importance of meeting these timeframes to avoid penalties and interest.