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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Apr 15, 2004

Page

12

April 15 Tax Deadline Highlights Growing Tax Form Complexity

Taxpayers race to file by April 15 face longer forms and time bills. The study shows average returns with itemized deductions take 42 minutes more, totaling about 28 hours 30 minutes, with Form 1040EZ at 3 hours 43 minutes. Tax software and professionals surge in use as capital gains rules shift and AMT expands reach.

Washington David Keating National Taxpayers Union Internal Revenue Service Keating IRS Kathy Burlison H&r Block Burlison Joseph Anthony Portland Ore

Tax deadline nears as IRS offers options for filing

The IRS reminds taxpayers deadline approaches with free online filing through Free File at IRS.gov. Mail filings require payments to United States Treasury with ID number and form details. do not staple payments. Extensions until August 15 exist but do not delay payment, interest at 5 percent accrues on amounts owed.

IRS Irs.gov United States Treasury

IMF warns of global harm from U.S. budget deficits

The IMF warned that uncontrolled U.S. deficits threaten global prosperity with higher interest rates and slower growth. It projects a 4.2 percent drop in world output by 2020 and a 3.7 percent U.S. growth decline if deficits remain unchecked, amid a $521 billion deficit this year and Bush plans to cut it to $237 billion by 2009.

IMF U.S Washington United States International Monetary Fund Raghuram Rajan Bush Congress

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