By Jack Phillips Monday, April 15 is the deadline to file federal income tax returns and extensions to the Internal Revenue Service (IRS) for most people. The IRS said on April 12 that it has received more than 100 million returns, but millions more returns are expected to be filed by the end of April […]
Tag: Tax
A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.