Today is the day, folks. You’ll need to finish up your taxes and send them on their way to the IRS.
income tax
Congress Postpones AMT Expansion For One Year
By 12.20.07
Today, Congress approved a one-year postponement of the Alternative Minimum Tax, which is good news for an estimated 25 million Americans (mostly middle-class) who would have qualified for it this year. The IRS said that due to the last-minute nature of the change, some refunds may be delayed: “Changes in the tax code require substantial work, especially in reprogramming I.R.S. computers.” The IRS says that “within 72 hours it would post on its Web site revisions to a dozen forms affected by the change.”
IRS Has $2.2 Billion For People Who Haven't Filed a 2003 Tax Return
By 3.7.07
If you’re one of the 1.8 million people who haven’t bothered to file your 2003 tax return… it’s not too late! No, really. It’s not. You have until April 17, 2007 to file. And why wouldn’t you? The IRS has 2.2 billion dollars waiting for you to collect. If you thought you were in trouble, don’t worry. There’s no penalty for filing a late return if you qualify for a refund.
