One keystroke = $38 billion gone

March 22, 2007

I’d hate to be this guy.

A computer technician was doing some routine maintenance last summer at the Alaska
Department of Revenue
 when he accidentally deleted applicant information for the state’s $38 billion oil-funded
account, according to this story on CNN.com.

Not only did he kill out info on the Permanent Fund Dividend, the state perk that makes living in all that cold bearable for many Alaska residents, the worker also mistakenly
reformatted the backup drive.

No worries. Big government agencies always have backup material, right? Right? Well, Alaska tax officials discovered that the department’s backup tapes were unreadable.

File_box_2
At least the department had the original payout info on paper … in 300 cardboard boxes. Those documents were rescanned to replace the 800,000 lost electronic images.

After much overtime, it all ended OK. For residents, anyway. Last fall, most of the eligible Alaskans got their state oil money rebate checks, which came to $1,106.96 apiece.

The state, however, is out almost $221,000 in data recovery costs.

The application deadline for this year’s Permanent Fund payout is coming up, March 31 to be exact. I’m sure every Alaskan will be making their own form copies this time around.

Obviously, you and I don’t have financial data of that scale on our computers, but the Alaska SNAFU is good reminder that we need to regularly back up all our PC or Mac files.

If you’re using computer software to do your taxes, make sure you regularly hit "save" during the process. And definitely print out a paper copy. Just in case.

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We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

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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