The IRS filed suit in a San Francisco court Wednesday against Facebook to get information about the tech titan’s tax arrangement in Ireland. Specifically, the agency wants documents detailing whether the social giant sold rights to its Irish subsidiaries cheaply in order to avoid paying the US’ comparatively higher taxes.
It’s 2016: do you know where your refund is? No, not your 2015 refund, your 2012 refund. Nearly $1 billion in outstanding refunds remain unclaimed from 2012. That represents an estimated one million taxpayers who might have qualified for a refund but who did not file a federal income tax return for 2012.
We’re used to meeting deadlines, and few deadlines are more dreaded than the annual rush to April 15th. If you are used to meeting deadlines, you may not want to delay it. You may even feel guilty when you get an automatic reprieve. Don’t. There’s no shame in an extension, and millions are processed every year.