Happy Flag Day 2013!

June 14, 2013

United States FlagIt's Flag Day. Are you flying the Stars and Stripes?

Americans are natural flag wavers, both figuratively and literally. So the idea of Flag Day was welcomed back in 1885 when Wisconsin teacher Bernard J. Cigrand asked his students to write essays on the U.S. flag and its significance.

The assignment fell on the anniversary of the Continental Congress's vote in 1777 to adopt the Stars and Stripes.

It became an official national holiday in 1949 when President Harry Truman signed legislation designating each June 14 as Flag Day.

After the terrorist attacks of 9-11, U.S. flags became regular fixtures at millions of homes and businesses.

Although the flag-waving ardor has waned a bit in recent years, the Flag Manufacturers Association of
America says that almost $303 million in flags, banners and similar national emblems by U.S. manufacturers were produced in 2012.

At last count, 14 states encourage the purchase of American flags by exempting them, as well as their states' flags, from sales tax.

States that exempt American and state flags from taxation Tax Foundation 2011 data

Some states go even further. Maryland, for example, also makes POW/MIA flags tax free.

And Scott Huler says Flag Day is the perfect time to also think about taxes. Huler explains in his TEDx talk why taxes are patriotic and are, in fact, the very lifeblood of what the flag symbolizes.

I have a very personal connection to Flag Day. It's my late brother's birthday.

As I noted in my very first Flag Day post on the ol' blog back on June 14, 2006, when he was a small child, Ben Allen thought the flags
were put out for him.

We let him keep thinking that.

And in my heart, they are still out there flying for you today, little Bro.

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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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