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Tax Procrastinators (and Everybody Else), Know This
Source:
bloomberg.com
- Mar 29, 2016
Your dental surgery. Your colonoscopy. Your income taxes.
There's always a massive bout of procrastination across the U.S. in the weeks leading up to Tax Day, which is April 18 this year. This foot-dragging has been called an American tradition, up there with not saving enough for retirement and fantasizing about what we’d do if we won the lottery.
But those who file their tax returns in the first two weeks of April, or after the deadline, often aren't slackers. Some taxpayers may have no choice but to file at the last minute—and suffer surge pricing for their tax preparation—because forms they need haven’t arrived. Some are minding their cash flow, because they owe the Internal Revenue Service money. Then there are people, like some college students, who aren't actually procrastinating but just don’t know that they could get money back if they filed a return.
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Category: IRS
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