By  Updated on Mon Apr 15, 2013

Tax Day Has Arrived: 5 Things to Know for the Week

Tax Day Has Arrived: 5 Things to Know for the Week

Eli Christman / Flickr source

Today’s the due date for your taxes and tax returns, if you owe taxes to begin with. Don’t forget that it is also the deadline for making 2012 IRA contributions (maximum contribution is $5,000).

  • Tax day has arrived, which is the deadline when taxpayers, who still owe taxes to the IRS, must make their tax payments or face penalties in addition to taxes owed. If you won’t be able to file your tax return, be sure to request a filing extension, which pushes the deadline until Oct. 15 (you’ll still have to pay your taxes today).
  • Wells Fargo’s new branch concept will debut today in Washington, D.C. The branch format features a small space without teller windows. Instead, bankers walk around with mobile devices to assist customers. Also, the ATMs at the branch offer more capabilities compared to Wells Fargo’s regular ATMs. With positive feedback, these branches could be introduced elsewhere.
  • Identity theft has grown by 50 percent from 2005 to 2010, according to the latest figures from the U.S. Department of Justice. With advancing technology, identity thieves have more ways to steal personal and financial information from unsuspecting victims. It has also become easier to sell such stolen information.
  • In China, a sound-based mobile payment system is being applied in a real-world setting. At subway stations in Beijing, passengers can use the Alipay mobile wallet to make payments through white noise, which is emitted from riders’ mobile devices. The technology has been mentioned as a better alternative to near field communication (NFC) because it doesn’t require devices with special hardware.
  • On Friday, the 2 million retailers that accepts Discover cards will also be able to accept PayPal as a payment option. It marks the full-scale launch of a partnership that began with pilot tests at The Home Depot stores last year. PayPal users could enter their phone numbers and a PIN to make in-store purchases with their accounts.
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