Posted
Dec 27 2007, 12:47 PM
by
Karen Datko
Dan at Money Myths congratulates Congress for sparing 21 million Americans from having to begin paying the dreaded alternative minimum tax -- or so-called "awfully mean tax" -- but asks: Why did this take so long? By waiting until six days before Christmas to act, Congress made life difficult for the IRS. If you've been used to filing your taxes in January and getting a refund, you may have to wait an extra month before the IRS can begin processing tax returns. And that, Dan calculates, can cause some pain.
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