Final answer:
Extensions do not allow taxpayers to delay payment of taxes. Taxpayers must still estimate and pay their taxes by the original due date, even if they file an extension.
Step-by-step explanation:
Extensions do not allow taxpayers to delay payment of taxes. An extension is a form that individuals and businesses can file to request more time to file their tax returns, but it does not grant an extension for paying taxes. Taxpayers are still required to estimate their tax liability and make a payment by the original due date, even if they file an extension.
For example, if the original due date is April 15th and a taxpayer files an extension, they will have until October 15th to file their return. However, any taxes owed must still be paid by the April 15th deadline to avoid penalties and interest.
It's important to note that an extension only provides additional time to file the return, not to pay the taxes owed.