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The Perils of Extensions

My five-year-old niece was recently hospitalized for nearly a month, leaving my brother-in-law Brian and his wife Colleen struggling to cope with round-the-clock hospital shifts that left them physically and emotionally drained. During this time medical bills, financial statements and other tax-related documents were piling up on their counter, and Colleen was too exhausted to track [...]

Source: http://blogs.wsj.com/tax
 

Some tax deductions are aimed at individuals; many are directed to businesses. The complicated maze of tax deductions that Congress has instituted over the past 70 years has contributed to the view that the tax code in the United States needs to be completely redone in a simpler fashion.