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April 12, 2012 4:08 pm
Tax Day Can Be Deadly
Certainty used to be defined as death and taxes. Now that definition takes on a whole new meaning. According to a study, car accidents increase on the tax filing deadline by about 6%. This translates into about 13 extra deaths!
What to do: Exercise special caution when driving on April 17th, the filing deadline in 2012. Also, you can stay home and avoid the post office by e-filing your return.
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Tax Glossary
Accelerated cost recovery system (ACRS)
A statutory method of depreciation allowing accelerated rates for most types of property used in business and income-producing activities during the years 1981 through 1986. It has been superseded by the modified accelerated cost recovery system (MACRS) for assets placed in service after 1986.
