Featured Post

1021. Humpty Dumpty Joe [Biden]

 I've been quiet enough. It took me a long time to get on Obama (OBlunder) when in his times he screwed up America along with his sideki...

Monday, January 9, 2012

399. Tax time is JUST coming?

Remember when you could submit your taxes by January 15? All bank, salary, brokerage statements were mailed out by January 31? Some other investments required you to wait for a corrected 1099 til out in late March? Meanwhile, the tax-processing IRS employees (answer questions, receive and process paper and electronic forms, etc.) sat at their desks collecting salaries from December through May. Here's a money saver: Make tax day June 15, rather than April 15. Let's examine how this would work. Keep all dates for businesses, banks, and brokers (plus partnerships) as they are. Thus, everybody will have what they need in COMPLETE and FINAL  1099s with no corrections necessary. Ah, the dollars saved by the senders. Now consider NOT staffing the IRS with the processors until March, instead of December. Save 3 months of additinal IRS employee costs. Would it be too much to ask for a more effective and efficient process?

No comments:

Post a Comment