The due date for filing a Federal tax report falls on Saturday, June 30. The report MUST be filed by

Rationale

Monday, July 2 is the due date for filing a Federal tax report.

When a tax deadline falls on a Saturday, the IRS allows taxpayers to file on the next business day, which is typically a Monday. Therefore, if June 30 is a Saturday, taxpayers must file by Monday, July 2.

A (Friday, June 29.) YOUR ANSWER

Friday, June 29 is the day before the deadline. Since the due date is explicitly stated as June 30, a filing on June 29 does not meet the requirement of filing by the designated deadline.

B (Saturday, June 30.) YOUR ANSWER

Although June 30 is the original due date, it falls on a Saturday. The IRS does not require taxpayers to file on a Saturday; instead, the deadline is extended to the next business day, which is Monday, July 2.

C (Sunday, July 1.) YOUR ANSWER

Filing on Sunday, July 1, would not meet the deadline either since it also falls on a weekend. The IRS specifies that if the deadline falls on a weekend, it is extended to the following business day, which in this case would be Monday, July 2.

D (Monday, July 2.) CORRECT

This is the correct answer, as it aligns with the IRS rule that allows taxpayers to file by the next business day if the due date falls on a weekend. Thus, July 2 is the final day for filing in this scenario.

Conclusion

When deadlines coincide with non-business days, the IRS provides provisions to ensure taxpayers are not penalized. In this case, since June 30 falls on a Saturday, the appropriate deadline for filing the Federal tax report is Monday, July 2. Understanding these rules helps ensure compliance and avoid penalties related to late submissions.

The due date for filing a Federal tax report falls on Saturday, June 30. The report MUST be filed by

Monday, July 2 is the due date for filing a Federal tax report.

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