Americans who don't file their taxes could face financial penalties.

The federal tax deadline is April 15 for most taxpayers, but you can file an IRS tax extension, which pushes the filing due date to October 15. However, you still must pay your tax balance by the ...

It’s a straightforward process that gives filers an extra six months, until October 15, to submit their return without penalties, as long as the extension is filed by the end of April 15. But an ...