With employers required to provide their employees their W2and 1099 forms by January 31, Americans have more than three months to file those dreaded tax returns. But for the procrastinators among us, we have good news. The deadline has been changed for 2012, giving taxpayers three extra days to file.
Generally the filing deadline is April 15 of each year. But when the deadline falls on a weekend, it’s pushed to the following Monday. Another day is added when the deadline falls on a federal holiday.
So, you’re thinking the 2012 deadline is April 16th, as the 15th falls on a Sunday and there’s no federal holiday on that Monday. But wait . . . the due date is actually April 17th. Hmmm . . . why is that?
Well, sometimes Washington D.C. is like a foreign country and here’s another example – they’ve had a unique holiday since 2005. This year it happens to fall on Monday, April 16th which would have normally been the deadline for tax returns. Emancipation Day marks the anniversary of the Compensated Emancipation Act signed into law by President Lincoln in 1862 that ended slavery in Washington, D.C. by paying slave owners for releasing their slaves – legislation well worth celebrating.
With an extra day coming in a leap year and the two advanced dates, taxpayers have three additional days to work on their return. I’d like to end with a positive quote about taxes: “Next to being shot at and missed, nothing is really quite as satisfying as an income tax refund.” — F. J. Raymond, humorist.
About The Author: Noreen Ruth is a popular writer for DebtOMG’s debt advice blog and various other financial websites. Hoping to educate consumers, she uses government and other reputable sources to provide up-to-date, relevant news on credit, debt, and other finance related topics. She stays current on the latest legislative actions that may affect a consumer’s ability understand credit card applications, apply for credit, utilize money management services, etc.
1 Comment
The IRS would only be going after you if distribution of the sseats was made without the tax debt being paid by the estate. The executor of the estate shouldn’t have given any sseats without a release from the IRS. You may have a case against the executor for breach of fiduciary duty but you’ll still have to pay the taxes owed. The IRS does offer Installment Agreements on tax debt for people in situations like yours. Definitely look into a penalty abatement to try to cut that down because in this may not be your fault.