4.04.2011

PSA: Death and Taxes

Hopefully the first subject in the title of this post doesn't factor heavily into any of our readers' immediate futures. Unfortunately for some among our readers (and with as equal a degree of certainty) however, the second is right around the corner. Fortunately, it is not perhaps quite as close around the corner as some might think. This is because although April 15th sticks out in the collective conscience as 'tax day', the IRS deadline for filing for tax year 2010 has been pushed out to April 18th.

Procrastinators apparently have President Lincoln to thank for this development, as his edict freeing 3,100 slaves in the District of Columbia in 1862 has been commemorated as the local Emancipation Day holiday. As the 16th (the anniversary of Lincoln's order and thus the date of the annual holiday) falls on a Saturday this year, it will be observed (likely with extra verve this year) on Friday the 15th. This extension is not insignificant; according to the IRS, up to 25% of taxpayers wait until the final two weeks of tax season to file in a typical year.

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