If you’re the sort of person who likes to wait until the last minute to file your income taxes, today is a very busy day for you. Income taxes must be postmarked by midnight tomorrow night to avoid late fees.
If you need more time to get your tax materials together, tomorrow night is also the deadline for filing for a tax extension. Filing for an extension will give you an extra six months to get your paperwork together, but any taxes you owe are due now. On the other hand, if you know you’ll be receiving a refund, it makes perfect sense to bite the bullet and get those tax papers together now.
According to an article in USA Today, “…the impact on the U.S. economy when about $230 billion in tax refunds starts hitting the streets in March, April and May is so great that it’s known as the ‘April problem.’”
“Although our business isn’t too sensitive to tax refund time, we do see a small up tick in Dallas luxury car rentals around the time tax checks start arriving,” says DFW Elite Auto Rental.com GM Tom Warren.
“However, I’d say we do get some business for our fantasy car driving tours around tax time,” says Warren. A division of the Fort Worth-based rental car company organizes full day fantasy car driving tours. “Every year we have one or two people that decide this is their year to experience driving a Ferrari F430 and four other dream cars in a single day,” insists Warren.
Recently introduced standby ride along passes mean that a car enthusiast can get in the passenger seat for a dream car tour for far less than the full fare when seats are available on a drive your dream ticket. “It’s great for couples or as an anniversary or birthday gift for a car buff,” says the Dallas rental car executive. “The standby seats aren’t guaranteed, but if you happen to hit a tour that doesn’t fill up, they’re the fantasy car bargain of the century,” says Warren.
Check out tour dates, videos and pictures for recent DFW Drive Your Dream Tours on their website (www.dfwdriveyourdream.com)
The IRS website has a special note for taxpayers who do not usually need to file returns: “For tax year 2007 only, many taxpayers who would not normally need to file a federal income tax return will need to file one in order to ensure that they receive an Economic Stimulus Payment (commonly referred to as “rebate”).”
In other words, no file, no free money. Seems strange that folks that don’t normally file still can get money back. But why quibble when the government is buying support for incumbents during an election year stimulating the economy for the good of the common people?
Kate Miller-Wilson is a freelance writer living in the Twin Cities. Visit her website or email her for information about her freelance writing services. She is a regular contributor to our exotic car blogs.
Eric on April 15th 2008 in Ferrari