(Bloomberg) At the post office in Lawrence, Kansas, filing your taxes used to be an excuse to party.
A crowd would gather every April 15th shortly before the doors were shut at midnight. As procrastinators arrived with their tax forms, the Alferd Packer Memorial String Band, a local group, would start playing in the lobby, which happens to have great acoustics.
Splurging on a new iPad or subscription to GlossyBox might be tempting when your tax refund shows up. But before you start hitting the buy button, consider using some of the money to protect what you already have.
ACCOUNTING method that reflects an equal amount of wear and tear during each period of an ASSET’S useful life. For instance, the annual STRAIGHT-LINE DEPRECIATION of a $2,500 asset expected to last five years is $500.
The Tax Return Identity Theft Protection Act of 2016would strengthen the existing penalties for identity thieves, establish tougher sentences for crimes against vulnerable and frequently targeted groups, and clarify the state-of-mind proof requirement that has prevented some identity thieves from being held accountable.
(Bloomberg) A lot of Americans feel like they’re getting cheated at tax time. In a Pew Research Center poll last year, 61 percent said it bothered them “a lot” that “some wealthy people don’t pay their fair share.”
You get three extra days to gather your paperwork and file your federal tax return in 2016. The tax deadline is April 18. You can thank Washington, D.C., for the gift. Washington will celebrate Emancipation Day on April 15.
Emancipation Day typically is celebrated on April 16. It’s the day President Abraham Lincoln signed into law a bill ending slavery in Washington, D.C. April 16 falls on a Saturday in 2016, so Emancipation Day will be celebrated on April 15. And Tax Day will be pushed back to April 18.