Do your taxes early and be safe on Tax Day. Those are the takeaways from a study published in the April 11 edition of the Journal of the American Medical Association.
The study revealed that traffic fatalities in the United States rise 6% on April 15th, the normal tax return filing deadline (it is April 17th this year). Donald A Redelmeier, one of the study's authors, told Tax Analysts that, "stressful deadlines contribute to fatal mistakes on U.S. roadways."
Tax deadline data from the IRS and fatal road crash data from the National Highway Traffic Safety Administration over the last three decades (1980-2009) were used in the study, which compared the number of fatalities with a control day one week before the April 15th deadline and another control day one week after.
What this means is you should (always) drive safe and try to stay as stress-free as possible about your taxes. Be proactive, meet with your CPA (or file online) and use as much information as possible (like from our tax planning articles archive) to find beneficial, and many times hidden, deductions.
-By Jared Trexler
Study: Traffic Fatalities Up on Tax Day
Thursday, April 12, 2012
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Thursday's Slott Report Mailbag
Consumers: Send in Your Questions to [email protected]
Q:
Can I transfer money from my IRA to my husband's Roth IRA? I am 35, and he is 36.
Thank you!
Gail Clements
A:
No. The only way your IRA funds can be transferred to your husband’s IRA is in a divorce or after your death. Even then, it would have to be transferred to a similar IRA, for example an IRA to IRA or a Roth IRA to another Roth IRA. In this case, you cannot transfer your IRA into your husband’s Roth IRA.
1 comments:
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