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Tag: Income Tax

  • Paying Taxes Kills People: Death & Taxes [Study]

    Bad news for drivers on tax day. The Journal of the American Medial Association has just published finding that confirm there are more traffic related fatalities on April 15th than any other day in April. Utilizing data from the National Highway Traffic Safety Administration for the past 3 decades (1980-2009), they were able to establish a pattern of increased travel related deaths revolving around tax deadline days.

    Almost a quarter of Americans file their taxes within two weeks of the April 15th filing deadline, and the subconscious stress may be playing a role in many of the accidents.

    William Helton, a psychologist at the University of Canterbury in Christchurch, New Zealand, commented on possible causes for the accidents:

    “It might not even be that you’re anxious,”

    “you’re thinking about the nitty-gritty: ‘Line 27, did I put the right number in?’ ”

    Dr. Donald Redelmeier of the University of Toronto’s Institute of Health Policy and Management also lends his opinion:

    “Just because you’ve filed early doesn’t mean this is not going to affect you,”

    “If you’re on the road for 20 to 25 minutes, it brings you into contact with 100 other drivers, any one of which could change your life forever.”

    “We are not advocating an abolition of taxes,”

    “That does not make the problem go away.”

    Russ Rader, a representative for the Insurance Institute for Highway Safety, claims having more motorists on roads and drivers taking different routes from their normal daily commutes might make April 15th a riskier day to be on the highways. Supposedly the death toll on tax days is only 6% higher, but that equates to 13 extra deaths and approximately $40 million in annual losses.

    This year the tax deadline has been extended to April 17th so that gives taxpayers an extra two days. April 15th is a Sunday so we’ll see how these two changes alter the statistics for 2012. Happy filing, be careful out there on the roads. Perhaps tax day should become a national holiday where everything is closed except tax accounting firms and the IRS….In the interest of safety.

  • IRS Gets Tech Savvy at Tax Time with Twitter

    Yes, unfortunately it’s that time of year again. Tax season is in full bloom. If you haven’t filed your taxes yet, you need to get on it this week. The deadline is the 17th of April, so that leaves you five or six days.

    What’s new this year is the IRS is now on Twitter! I know you’re excited about this, I sure am. You can find them at twitter.com/IRSnews. On there you’ll find all kinds of tax related information including tips on how to use e-file, apply for a tax extension, and even how to track down your refund if it hasn’t yet arrived.

    Figuring your taxes can be a stressful project, so for do-it-yourselfers this could be a valuable tool. I went on my Twitter account to follow the IRS just to see what appeared when I did.

    Here’s some of what I found:

    Have you done your taxes yet? No shame in not having them done..you’ve still got a week ;). For last minuters> http://t.co/L0DSX6dZ 7 hours ago via web ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

    The Procrastinator’s Guide to Filing Taxes [Infographic] via @HRBlock http://t.co/zrHCCnTi 49 minutes ago via Tweet Button ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

    Three guesses what I’m doing right now. Any other last minute wonders? | Tax Tips via Social Media from the IRS http://t.co/cNjNMGg8 10 hours ago via Facebook ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

    Hot Deal: Your Appeal Rights When Fighting The IRS (Easy Tax Tips Article Collection): Are you in the middle of … http://t.co/f63A20zH 9 hours ago via twitterfeed ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

    #Expat tax and global mobility. Need help w/ international tax & HR services? Request a fee quote or consultation http://t.co/pUrzrOve 17 days ago via web ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

    One week ’til TAX DAY. If you can’t file or pay on time, check out these tips: http://t.co/IUVd0NHO #taxday #deadline #IRS #tax 23 hours ago via web ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

    Tax Tips: Employee Business Expenses: The IRS offers tax tips for employees who want to deduct business expenses…. http://t.co/7BZY6t2k 1 day ago via dlvr.it ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

    The IRS has a YouTube channel that offers last minute tax tips for people that wait until the last minute to file. 1 day ago via web ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

    IRS Tax Tips: 3 Tips for Employers Outsourcing their Payroll http://t.co/JUw2VaLG 2 days ago via SocialOomph ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

    Tax Tips: 7 Red Flags That Can Get You Audited: The IRS is tightlipped about exactly what gets your tax return selected for extra scr… 4 days ago via twitterfeed ·  Reply ·  Retweet ·  Favorite · powered by @socialditto