William Thien

Why do we STILL have to wait until The 31st for our Tax Information?

Posted on: January 6, 2018

Forty years ago and prior, before super computers and advanced accounting software on every office desktop, the Federal Government allowed employers until the end of January to send tax forms to their employees and banks and other financial institutions had the same amount of time to get tax documents in the mail.

But it’s the same today. Fifty, sixty years later we still have to wait until the end of the month to receive tax information. Why?

With all of the supercomputers employers and financial institutions have today, why do we have STILL to wait until the end of the month to get our financial information anymore?

I’m not trying to rush anyone but late in the year of 2017 I received a letter from one of my credit cards that said due to the Equifax Data Breach, I should file my tax returns as early as possible in order to avoid false filings of my taxes. This is a common occurrence in The United States, nowadays. It has happened to a family member when the local municipality accidentally published their social security number and that of others on the internet.

Which prompted me to consider, well I’m basically ready to file my taxes on the first of January. They are not that complex. But I’m being held back by these antiquated tax information form dates that the federal government hasn’t updated since the time of Adam and Eve.

With all of the supercomputers employers and financial institutions have nowadays, why do we have to wait so long anymore for our tax information from our employers and financial institutions? Again, I’m not trying to rush anyone, but it’s a valid question. Computers have sped things up quite a bit. Maybe it’s time the law changed.

Copyright © William Thien 2018

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