The April 30th tax deadline is just a date for which is only relevant it you owe tax.
I wouldn't mind betting that this is a very small percentage of the tax paying public.
True, if you are due a refund then you want to get your return in as soon as possible. This has got nothing to do with the deadline. This is nothing to do with the advertizing campaign that Inuit seem to use - they are talking about a MAXIMUM REFUND and hopefully an accurate return. If you are after a maximum refund and you know that you are due one (you have made some deductible investments or you want to realise a capital loss ***) you maybe better off taking your time with your return.
**** the loss has to be in the year you are filing it or possibly carried over from past years - it is too late to sell and make a loss on a stock in 2012 and claim it on your 2011 return (did anyone say RIM!!!!?)
I really don't understand the Tax software industry, surely they would be better off not trying to scare their customer base into filing before they are ready.
I wouldn't mind betting that this is a very small percentage of the tax paying public.
True, if you are due a refund then you want to get your return in as soon as possible. This has got nothing to do with the deadline. This is nothing to do with the advertizing campaign that Inuit seem to use - they are talking about a MAXIMUM REFUND and hopefully an accurate return. If you are after a maximum refund and you know that you are due one (you have made some deductible investments or you want to realise a capital loss ***) you maybe better off taking your time with your return.
**** the loss has to be in the year you are filing it or possibly carried over from past years - it is too late to sell and make a loss on a stock in 2012 and claim it on your 2011 return (did anyone say RIM!!!!?)
I really don't understand the Tax software industry, surely they would be better off not trying to scare their customer base into filing before they are ready.
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