What's with April 15th?
Today marks the one blemish in April’s usually blooming record: Tax Return Day. Eh, well, April is also the beginning of tornado season, but I digress. A post office’s nightmare and a CPA’s dream, tax season gives a whole new light to mathematics and itemization. People find themselves scrambling through old shoeboxes for missing receipts and trying to mentally calculate volunteer work and “charitable” donations they can claim in hopes of squeezing every penny out of their return.
But why April 15th? Who chose this day to make people sweat an audit and pile themselves in papers? So I decided to dig around a little bit, and by a little bit, I went straight to Wikipedia. C’mon, everyone uses it, but no one wants to admit to.
According to the highly distinguished website, Congress was the one to put “tax day” on the calendar. When we, “America”, ratified the 16th Amendment in 1913, which allowed Congress to institute an income tax, they chose March 1st of the following year as the deadline for filing returns. However, with the Revenue Act of 1918, which I probably need to pick up a text book to see what that was about, they up and moved the date to March 15th. It wasn’t until 1955 though, that Congress finally settled on the April 15th deadline. I think it was because April is prettier, but apparently it was to spread out the workload for the IRS. It’s also rumored that the growing middle class was filing more and more returns and the government wanted a little more time to hold on to the money. Sneaky.
Although fulfilled with this great public encyclopedia knowledge about something that I still get my dad to do for me every year (yes, I’m 25), I also don’t want to spread lies. Therefore, I decided I needed to verify this information. After some intense Google searching, I stumbled across an article on CNN from April 15, 2002, which basically laid out the same information verbatim. And everyone trusts CNN.
So there you have it. That’s why April 15th is, well the day it is. So put the remote down, turn your laptop on and get to filling.
Contributed by: Keri Lynch
A Refreshing New Offering from Intuit
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Like any good American, I was doing my taxes recently. I’m a TurboTax gal. I’ve used it for the past 6 years and it’s pretty easy. As I got closer to the end, fingers and toes crossed hoping for a refund (it didn’t work), I came to a screen with an ad for Mint.com. Well this is new, I thought. Those smart folks at Intuit – you know, the makers of TurboTax, Quicken, and QuickBooks – have a new product.
The name, Mint, might make you think refreshment like the plant or may make you think of making money. I like both so I checked it out. The site aggregates all of your bills, accounts and debts into one site so you can budget and easily keep an eye on your accounts. I like budgets (she says with a smirk).
But the reason I really like it? It is endorsed by Intuit. Intuit has established itself as a financial software resource and immediately I trusted my information would be secure and accurate on Mint.com as well. It turns out Intuit acquired Mint.com late last year. Before the acquisition, I wouldn’t have given the site a second look. Tying Mint.com to Intuit gives it immediate credibility and positive associations.
I tried Mint.com out and it was very easy to use. The problem is that I’m a little paranoid when it comes to giving my information out online despite Intuit’s stellar reputation for security. So, for the moment, the only mint in my life is in my green tea.
