Last week at my other tax blog: Future of ND property taxes; Flat tax flurry

October 22, 2011

Politicians at all levels of government are working, or at least making campaign promises, to give taxpayers what they think they want.

Bankrate Taxes Blog iconOn the state and more local level there's a proposal to do away with property taxes. And at the federal level, Republican presidential hopefuls are talking up flat taxes.

Both these topics got closer looks last week at my other tax blog.

In North Dakota, voters could decide next summer whether they want to abolish property taxes. If voters say so, North Dakota would be the only state in the nation to abolish real estate taxes.

Meanwhile, most White House wannabes aren't talking yet about doing away with federal taxes, but a couple are talking up flat tax proposals. The problem is that despite the immediate appeal, flat tax plans tend to lose some luster when taxpayers take a longer look at them.

You can check out my new Bankrate Taxes Blog posts on most Tuesdays and Thursdays. And if you happen to miss them there, you can find a wrap-up here each Saturday.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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