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Three More Days
I remember life as a college student, when a deadline for a research paper or group project would be met with dread, late nights and caffeine. An extension of that deadline, however short or brief, was always welcomed by the class as a sign that fate (and the professor) wasn't always cruel. This year, the IRS has given individual taxpayers the ability to feel this torrent of emotions all over again. Although we recommend delivering your tax info early, you have been blessed with three additional days this tax season.
First, the traditional deadline of April 15th falls on a Sunday. This would normally push the deadline to the 16th, a Monday. However, the Washington, D.C.-only holiday Emancipation Day is on the 16th, thus pushing the tax deadline to the 17th, a Tuesday.
But wait, there's more! The year 2012 - in addition to being a presidential election year, the restart of the Mayan calendar, London's Summer Olympics and a disappointing disaster movie - is a Leap Year, so the transitory Leap Day of February 29th makes an appearance. Though this day exists to correct the 1/4 day by which our 365-day year is out of sync with the Earth's trip around the sun, for accountants it provides one more day to our tax season.
So this tax season, as the 15th approaches ever closer, don't forget about your three-day extension. That's three more days to gather your financial records, contribute to your IRA, or just kick back and contemplate the many benefits of caffeine.
Unfortunately, it is impossible to give comprehensive tax and accounting advice over the internet, no matter how well researched or written. Before relying on any information provided here, contact a tax or accounting professional to discuss your particular situation.
