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Here’s Your Final 1040 Filing Deadline of 2011* Open Thread

Posted on by Caleb Newquist

For those of you that worked through the weekend, your consumption of 5-hour bombs probably has you juiced enough to last you through the October 31st deadline for those affected by Hurricane Irene. ANYWAY, TThe good news is that another tax filing year has final come to an end. The less-good news is that it’s only 75 days until 2012 and you get to start all over again. Now’s the time to get anything off your chest. Feel like screaming at the client that showed up with their shoebox this morning? Partners forcing you to postmark hundreds of envelopes for the stuff that simply isn’t getting done by midnight? Best to let it out now, January will be here before you know it.

See also:
Today is the final 1040 deadline, barring a hurricane or something [Tax Update]
Tomorrow’s Tax Deadline Pushed Off For Some Taxpayers [Tax Girl/Forbes]
Don’t make these tax filing mistakes [DMWT]

*I have to do this because some of you petty, hair-splitting types would point out the extended deadlines. This should suffice that we’re completely aware of it. Get back to work.

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Let’s Try Out the White House’s Tax Savings Tool

After yesterday’s words of wisdom from Joe Biden on your taxes, we stumbled across the “tax savings tool” that’s so easy a caveman Joe Biden can do it.

We actually do believe the VPOTUS when he says it’s easy because he made the announcement yesterday with two men who aren’t exactly known to be tax mavens: IRS Commish Doug “I find the tax code complex” Shulman and Tim “I think I’ll try using TaxCut this year” Geithner.

Try your hand this thing and make up your own mind, after the jump.

Our feeling that it’s like tax planning a step or two above what Fisher-Price might put out. Which, for the majority of the American People, might still be tricky.

White House Unveils Online Tax Savings Tool [Web CPA]

Wilbur Ross Would Like to Torpedo the Income Tax and Replace It with a VAT

Why? Because we need the tax policy equivalent of Law & Order: SVU.

“We need something that is very far-reaching, very dramatic,” said Ross, the head of W.L. Ross & Co. “An idea I’ve been in favor of is to scrap all of the corporate income taxes, all of the individual income taxes, and substitute a value-added tax on all goods imported into the country and manufactured and consumed here, and then rebate it on exports.”

Oh and that jobs bill? It’s bupkis:

“The amount being put in relative to that plan, compared to the jobs they say it will produce, is way out of whack,” Ross said.

Implement VAT, Cut All Income Taxes to Create Jobs: Ross [CNBC]

Tea Partiers Taking Serious Measures, Arrange Virtual March with Avatars

The Tea Partiers (not to be confused with tax protestors who are way more delusional) have made their names known all across this great land for hating on taxes. They’ve marched pretty much everywhere but do you know where they haven’t marched? On the Internet! That’s right, nothing like a virtual march with politicians up for reelection joining the cause (can’t be seen with those nutjobs in person).

The “march” will occur on, you guessed it, April 15th and it will occur “in” Washington DC.


Some of the other cartoon leaders that will be in “attendance” are

• Former House Majority Leader Dick Armey

• Former Arkansas Governor Mike Huckabee

• Americans for Tax Reform president Grover Norquist

• Senator John McCain (R-AZ)

• Michael Reagan, son of former President Ronald Reagan

• The Tea Party Express – A red bus.

We have to admit that we’re impressed with this risky move by this group that we would otherwise shun a technological feat of this magnitude. Does anyone think that Dick Armey or John McCain even knows what an avatar is? What lucky member of their respective staffs got the responsibility of creating those?

This is especially fun for the tea p’s because since this particular march is virtual, it is likely that certain actions and/or methods that the tax haters could only dream of before, will now be allowed. These may include but not limited to:

• Leaving flaming bags of shit on White House’s front steps.

• Protestors showing “video” of President Obama walking around wearing a Sandwich Board saying “I love taxes.”

• Resurrecting the Founding Fathers (zombie TJ!) to get their testimonials about how the Obama Administration is ruining America.

• Portray Nancy Pelosi giving a speech on the Capitol steps in one of those olive-colored Castro outfits.

• Bring Ronald Reagan back to life, just because.

• Other portrayals of “taxation without representation” taken wildly out of context.

All we ask is that you keep it non-violent. Tea p’s that aren’t too good with them computers need not worry though, actual marches will be held around the country on April 15th where you’ll be allowed to shout, march and carry signs with plenty of misspelled words.

Tax Protesters Launch Online March on Washington [Web CPA]
Online Tax Revolt [Website]