Taxing Times
It’s that time again, sadly.
April 15—”Tax Day“—is right around the corner. (Actually, Uncle Sam, ever generous, is giving you a couple of extra days this year because the 15th falls on a Sunday, so April 17 is the real deadline)
Ironically, you, the “average American,” will have to work until April 30 this year before you begin to pocket the cash you earn from your labor, according to the Tax Foundation. Before that, it’s all going to Uncle Spam to pay for useful stuff like mythical $3,000 hammers, the National Helium Reserve and peanut storage. And by the way, the Tax Foundation says that the time it takes for you to start keeping your wages this year is two days longer than in 2006, and fully 12 days longer than in 2003.
But never mind. We’ve all got to pay the man, so there’s no use griping about it.*
If you haven’t reviewed your tax information to make sure it’s accurate, now would be a good time. Visit the Tax Information page in the account interface to review your information. For more information on taxes, visit our and FAQs.
A few things to note when prepping your taxes:
- If Yahoo! Publisher Network paid you $600 or more during the calendar year 2006, you should have received a Form 1099 from Yahoo! by January 30, 2007.
- If Yahoo! Publisher Network paid you less than $600 during the calendar year 2006, you will not receive a Form 1099. However, you must still declare this income to the Internal Revenue Service.
- Your a Form 1099 will only reflect payments made during calendar year 2006. Balances accrued (but not yet paid) during December 2006 may not appear due to the payment schedule.
- Only individuals should use Form 1099 when filing. Corporations should not use Form 1099 when filing.
Happy filing!
—Michael Mattis, Blog Auditor
* Yahoo! does not provide tax advice. For more information, please consult your tax professional, or visit the IRS web site at: http://www.irs.gov/.
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April 11th, 2007 at 10:11 am
[…] Wonder Woman Fans wrote an interesting post today onHere’s a quick excerptIt’s that time again, sadly. April 15—”Tax Day“—is right around the corner. (Actually, Uncle Sam, ever generous, is giving you a couple of extra days this year because the 15th falls on a Saturday, so April 17 is the real deadline) … […]
April 11th, 2007 at 10:40 am
The story is a bit more interesting than the 15th falling on a weekend (although if you forgive me for nitpicking, Sunday will be the 15th). Monday is Emancipation Day, a recognized public holiday in Washington DC, and that is sufficient to give everybody in the nation an additional day to file their taxes.
April 11th, 2007 at 1:01 pm
Good catch, Aaron! I’ve made the correction. Also interesting about Emancipation Day. Here’s a link for those wanting to learn more: http://en.wikipedia.org/wiki/Emancipation_Day.
I’ll be in Washington D.C. myelf next weekend (19th-23rd) and will be sure to raise a glass in belated celebration!
-M2