02 January 2016

Why was April 15th chosen as the due date for taxes.

Why was April 15th chosen as the due date for taxes.

     It wasn't ever thus. In fact, the original filing date for Federal taxes, as prescribed in the Revenue Act of 1913, was March 1. A mere five years later, the deadline moved back; until the Internal Revenue Code of 1954 was approved on August 16, 1954, midnight vigils were conducted on March 15. Taxpayers who paid on a fiscal  year, were  also given a month's extension in 1954, so that they now filed on the fifteenth day of the fourth month, instead of the third month, after their fiscal year was over. In fact, all Federal returns, with the exception of estates and trusts, are now due on April 15, or three and a half months after the end of the fiscal year.
     Were these dates plucked out of thin air? Not really. The IRS wants to process returns as early in the year as possible. In the 1910's, when most tax returns were one page long, it was assumed that after a wage earner totaled his or her income, the return could be filled out in a matter of minutes. Why wait until after March 1? As anyone who now is unfortunate enough to make a so-called living knows, the IRS form isn't quite as simple as it used to be. The 1040 is no easier to decipher than the Dead Sea Scrolls....

     












Imponderables courtesy of David Feldman - from his book "Do Penguins Have Knees" / provided by R.M.Villoria


About the Author...
Born and raised in the state of New York, R.M. Villoria began his writing career as a prolific songwriter. After two back-to-back tours as a Marine in Vietnam, Villoria spent the next few years owning and operating a myriad of businesses and in 1992 returned to writing, this time appeasing his appetite for suspense and horror fiction.
Years in the making, his ghostly tales touching on the underpinnings of quantum physics and the paranormal are now ready for the public. As his first published work, Villoria presents readers with Volume One of his series “Tales From the Mind Field.”
Villoria has a son and daughter and lives in Las Vegas with his Wife.

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