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Posted

What are the odds that we will get an IRS alert later this week that due to the late start to this year's tax filing season, they are extending the filing deadline till April 30th, for this year?

50/50?? 90/10?? no chance?? (that would take too much common sense)

Anybody wanna start a wager??

Posted

Probably zero chance they will extend the date since routine extensions are so easy to obtain with Form 4868. It would be nice, but who has time to petition them to change it? :)

Posted

Alas, I agree with John. There have been other issues in recent years with no filing deadline relief. With extending so easy--and with the guvment so revenue hungry (every late filing penalty helps!)--I don't see them doing something that makes sense.

Posted

>><they are extending the filing deadline<

That date is set by Congress, not IRS. Instead, the IRS has announced that the delay of forms constitutes reasonable cause for late payment, as long as a good faith estimate is paid with a timely extension request.

Posted

Just filed my 51st extension today.

One or two more and I'm done.

Allowing for a few new clients whom I extended, a couple of old ones who left, and the fact that about a half-dozen of these are "protective' extensions only, I'm slightly under my normal number of extensions. But I digress from the main point, which is...

...there's no reason to care about the Apr 15 date with a little advance planning coupled with good client education about the realtive meaninglessness of this deadline.

Posted

No chance for your reasons. However, IRS is having trouble processing returns that are being e-filed on time, so I see them extending the time they return acknowledgements and just maybe extending the time to re-e-file or paper file rejected returns because they will not be rejecting in a timely manner.

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