This would be two years in a row the government has extended tax day. Last year was because the WuFlu made life so difficult. People couldn’t do the forms and gather their data because of…..what? The stress of being home and not having the time?
Or working and not having the time (like “normal” times)? I didn’t get this at the time. This year at least there’s a reason: Congress is screwing, yet again, with the tax laws during tax season. Not before, not after, but DURING – a sure recipe for disaster because of the “American Recovery Act”).
So, if you are someone like me, things could have changed on the form that I didn’t have when doing the work. Of COURSE, Congress can’t do targeted stuff – it’s always Pandora’s box of evil as the number of pages increases. Change this, change that, do this other Progressive idea as well….and messes everyone up.
So, on one hand, I understand the delay – some are NOT small things and have lots of ramifications. And, having done my own taxes for years, make a change “here” and it has ramifications “there” as well as “elsewhere” as well. Round and round you go trying to insert the right number back in where you didn’t know you needed it on a prior form, and having done so, now it has thrown you off on that prior form. And yet a third one as well.
Lots of chicken scratch on my usual two “draft forms” before getting the Numbers Merry-go-round correct (at least, I hope).
So, yes, if I was list most years, procrastinating until ALMOST the bitter end, I’d be sighing with relief. BUT I DIDN”T PROCRASTINATE this year. Got screwed anyways.
But here is the operative question (and I HAVE looked for the answer):
WHERE does the IRS get the Power to simply move the filing date from April 15 to something else?
I always thought that type of change, like any other tax law modifications, needed a Law to be passed? Does the IRS, merely a government agency, really have that power in and of itself?
None of the media posts I reviewed (to make sure this was real) ever mentioned HOW the IRS has the ability, on its own, to just blithely change the date. Who do they think they are – Gov. Sununu making up new Law by themselves?
Does anyone more involved in taxation Law know the answer? I don’t even know where to even start (my feeble DuckDuckGo searches brought nothing up)?
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On another note, the Washington Examiner is reporting (reformatted):
The Treasury Department sent out some 90 million economic impact payments worth more than $242 billion, it announced on Wednesday. President Biden signed the $1.9 trillion American Rescue Plan on March 11, which funds hundreds of billions of dollars worth of stimulus checks to be sent to individuals and families. Referred to as “recovery rebates” in the legislation, the checks function as a credit against one’s federal tax liability. Individuals who earn up to $75,000 or couples that made up to $150,000 are eligible for the full $1,400 per person, while the income limits are higher for those with children.
Wednesday was the date by which the Internal Revenue Service had agreed with the ACH Network, which manages electronic financial transfers, to disperse the first batch of payments. The banks received the funds at 8:30 a.m. The majority of payments were directly deposited to bank accounts, though the department mailed roughly 150,000 checks worth about $442 million, the Treasury Department said. Additional batches of payments will be sent in the coming weeks by direct deposit and through the mail as a check or debit card, the department added.
So, BTW, I put up a post about the Government and not even being able to stop a telemarketer, yet we are to accept Government on “faith” (by Democrats, anyways) that now the tax changes are going to work? In keeping with the theme of the IRS and Government working, I STILL haven’t gotten my refund from 2019 (keep getting “we’re working on it when using their “Get My Refund” tool). I have yet, after filing at the middle of Feb, to receive the “Return Reciept” from sending in my 2020 return (also with a “Signature Required” for which I paid for). Yes, paper, not electronic.
Also didn’t get the second stimulus checks (TMEW and I, but the Grandson got his so the IRS has the right bank info so I had to use the Recover Act part of the 2020 return). Nada on the third one, either.
So, anyone else having such problems?
(H/T: The Blaze + 10 other sites)
