Federal tax is a mandatory financial charge imposed by the national government on individuals, businesses, and other entities to fund public services and government operations. It is typically collected by a federal tax authority, such as the Internal Revenue Service (IRS) in the United States.
Annual tax returns must be filed by individuals and businesses, typically by April 15 in the U.S.
Electronic filing is encouraged for faster processing
Businesses may also have quarterly estimated tax payment requirements
Failure to file or pay taxes on time can result in penalties, interest, and legal action
Taxpayers may be subject to audits or reviews by federal tax authorities
Online time-logging systems or productivity tools
Taxpayers can use tax professionals, accounting software, or official resources
Free tools and helplines are available for basic filing assistance