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Topic: Miscellaneous |
6:21 am EST, Dec 15, 2007 |
The individual AMT law, intended in 1969 to affect only the wealthy, has not been updated to account for inflation. It is now affecting 21 million middle-income earners – exemptions for this demographic have expired. Congress is currently debating re-authorizing these exemptions, so the law is in limbo. Once the law is approved, the IRS could take seven weeks to start processing returns, delaying refunds for those who file early.
Damit... I hate the IRS and our silly d*&^% wagging government... I will never be rich so this does not really apply to me ... File Early, Get F&*^ED! |
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