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4-6PM
“Celebrating” Tax Season b y T r i s h A n d e r s o n , C PA
T
he Sixteenth Amendment of the U.S. Constitution gave Congress the power to “lay and collect taxes on income, from whatever source derived, without apportionment among the states …” The result of this amendment was a broad income tax and the “celebration” of tax season.
Open
Monday-Thursday 4-10 p.m.
The deadline to file income taxes this year has been pushed back to Monday, April 18th due to the observance of Emancipation Day in Washington D.C. on April 15th. If you are expecting a refund, the earlier you file the better. On average, the IRS pays out more than $3.6 billion in fraudulent refunds a year and it takes on average 312 days to resolve tax related theft cases. In other words, try to beat the criminals to your refund!
SERVING LUNCH
Friday, Saturday & Sunday 11 a.m. – 10 p.m. 228 REDFERN VILLAGE, Like Us on
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912.634.6228
ELEGANT ISLAND LIVING
If you are making a tax payment and still can’t get it together by
April 18th, make sure you file for an extension and make an estimated payment so you’re not hit with a late filing fee or a latepayment penalty. That will buy you an additional 6 months and extend your filing until October 15th. Maybe it’s not the most celebrated time of the year but we can still get a good chuckle out of the more outrageous income tax
deductions that have succeeded and failed over the years. Typically, pets that you own are not considered dependents and their medical expenses cannot be written off. However, in a landmark court case, a California woman was able to deduct 90 percent of the $12,000 in deductions she claimed for the 70 cats she fostered. Since the (continues)
