Pacun Posted October 11, 2018 Report Posted October 11, 2018 (edited) I love when clients wait until the extension deadline to give you crucial info. Moderator note - this topic contains the posts related to timely filing of e-filed returns that were originally all posted in another topic that had significantly derailed from its original subject. Edited October 18, 2018 by jklcpa added note for creation of topic 4 Quote
JohnH Posted October 11, 2018 Report Posted October 11, 2018 11 hours ago, Pacun said: I love when clients wait until the extension deadline to give you crucial info. Some clients think there's time left. After all, they still have the weekend to get things together since the deadline isn't until Monday... 4 Quote
Abby Normal Posted October 11, 2018 Report Posted October 11, 2018 11 hours ago, Pacun said: I love when clients wait until the extension deadline to give you crucial info. I've had two give me crucial info (made estimates, capital loss) AFTER I had finished their return. 4 Quote
RitaB Posted October 11, 2018 Report Posted October 11, 2018 43 minutes ago, JohnH said: Some clients think there's time left. After all, they still have the weekend to get things together since the deadline isn't until Monday... These are the ones we love. We're thinking "two more days," and they're thinking "five more days, six if she works till midnight Monday." Uh, no. 4 Quote
JohnH Posted October 11, 2018 Report Posted October 11, 2018 True. Or they're thinking "Once I give you my shoebox, all you need to do is make a few entries and press a button to send it. Right?" Or maybe they're not thinking at all... 4 Quote
Abby Normal Posted October 11, 2018 Report Posted October 11, 2018 4 hours ago, RitaB said: These are the ones we love. We're thinking "two more days," and they're thinking "five more days, six if she works till midnight Monday." Uh, no. You can get 5 more days forcing the return to be rejected on the last day. I usually change the 2nd letter of the taxpayer's last name (Smith > Snith). https://support.cch.com/kb/solution.aspx/sw18051 1 Quote
Jack from Ohio Posted October 11, 2018 Report Posted October 11, 2018 1 hour ago, JohnH said: Or maybe they're not thinking at all... DITTO 1 Quote
grandmabee Posted October 11, 2018 Report Posted October 11, 2018 1 hour ago, Abby Normal said: You can get 5 more days forcing the return to be rejected on the last day. I usually change the 2nd letter of the taxpayer's last name (Smith > Snith). https://support.cch.com/kb/solution.aspx/sw18051 Really, you do this or am I just too tired to see the joke in this post? Quote
Jack from Ohio Posted October 11, 2018 Report Posted October 11, 2018 1 hour ago, Abby Normal said: You can get 5 more days forcing the return to be rejected on the last day. I usually change the 2nd letter of the taxpayer's last name (Smith > Snith). https://support.cch.com/kb/solution.aspx/sw18051 19 minutes ago, grandmabee said: Really, you do this or am I just too tired to see the joke in this post? It will work... 1 Quote
Abby Normal Posted October 11, 2018 Report Posted October 11, 2018 2 hours ago, grandmabee said: Really, you do this or am I just too tired to see the joke in this post? I've done it before with zero problems. I just tell clients that the IRS provides a way for us to get 5 more days, and it just adds to wizard persona. 1 4 Quote
PapaJoe Posted October 11, 2018 Report Posted October 11, 2018 Why would you want to give your client 5 more days to procrastinate? 3 Quote
Abby Normal Posted October 12, 2018 Report Posted October 12, 2018 21 hours ago, PapaJoe said: Why would you want to give your client 5 more days to procrastinate? Not for them, for me. 2 Quote
Catherine Posted October 13, 2018 Report Posted October 13, 2018 Told my partners; they laughed out loud. Before, though, I had warned them this was NEVER to be told to clients! 2 Quote
Max W Posted October 15, 2018 Report Posted October 15, 2018 On 10/11/2018 at 2:56 PM, Abby Normal said: I've done it before with zero problems. I just tell clients that the IRS provides a way for us to get 5 more days, and it just adds to wizard persona. The IRS allows 10 days to perfect a return and 5 for an extension. 1 1 Quote
DANRVAN Posted October 17, 2018 Report Posted October 17, 2018 On 10/11/2018 at 2:56 PM, Abby Normal said: I've done it before with zero problems. I just tell clients that the IRS provides a way for us to get 5 more days, and it just adds to wizard persona. Have also done that but keep low key about it with clients. If IRS catches on could be an issue with filing an incorrect and incomplete tax return. 1 Quote
Abby Normal Posted October 17, 2018 Report Posted October 17, 2018 41 minutes ago, DANRVAN said: If IRS catches on could be an issue with filing an incorrect and incomplete tax return But is it filed, if it's rejected? 1 Quote
DANRVAN Posted October 17, 2018 Report Posted October 17, 2018 5 hours ago, Abby Normal said: But is it filed, if it's rejected? How about form 8879? I am really not that concerned about it, but if it becomes a common practice maybe IRS will look into the massive wave of rejects that occurs every year on October 15. By the way, if we happen to become cell mates, I get the top bunk. 1 3 Quote
jklcpa Posted October 18, 2018 Report Posted October 18, 2018 6 hours ago, Abby Normal said: But is it filed, if it's rejected? Yes, it is. Please see the bold statement from this IRS page under the heading "Submitting a Timely Filed Return": Quote Submitting a Timely Filed Electronic Tax Return All prescribed due dates for filing of returns apply to e-file returns. All Providers must ensure that returns are promptly processed. However, a Provider that receives a return for electronic filing on or before the due date of the return must ensure that it transmits the electronic portion of the return on or before the due date (including extensions). An electronically filed return is not considered filed until the IRS acknowledges acceptance of the electronic portion of the tax return for processing. The IRS accepts individual income tax returns electronically only if the taxpayer signs the return using a Personal Identification Number (PIN). If Providers transmit the electronic portion of a return on or shortly before the due date and the IRS ultimately rejects it, but the Provider and the taxpayer comply with the requirements for timely resubmission of a correct return, the IRS considers the return timely filed. For additional information about the filing of a return through IRS e-file, see "Submitting the Electronic Return to the IRS". 1 Quote
Abby Normal Posted October 18, 2018 Report Posted October 18, 2018 14 hours ago, jklcpa said: An electronically filed return is not considered filed until the IRS acknowledges acceptance This says no it isn't filed. Quote
Abby Normal Posted October 18, 2018 Report Posted October 18, 2018 On 10/15/2018 at 1:42 PM, Max W said: The IRS allows 10 days to perfect a return and 5 for an extension. It varies, actually (and quite stupidly): https://support.cch.com/kb/solution.aspx/sw18051 1 Quote
jklcpa Posted October 18, 2018 Report Posted October 18, 2018 Just now, Abby Normal said: This says no it isn't filed. I didn't read the link yet, was typing this. Yes, it depends on if the preparer rectifies the errors and receives the acceptance within the 5 days perfection period, then the return is timely filed. That's why I bolded my original quote. If not, then no acceptance. It's the typical answer to many tax questions: IT DEPENDS! 1 1 Quote
jklcpa Posted October 18, 2018 Report Posted October 18, 2018 On 10/11/2018 at 9:09 PM, SaraEA said: The really late season filers are the most disorganized and are still feeding you missing info up to the last second. April 15 wasn't good enough, so if you tell them they have until Oct 15 they will wait until then. If you give them five more days, that's how long it will take them. They are the same people shopping on Christmas Eve I'm sure. You have to draw a line somewhere, and I would never ever allow them five more days. I have places to go and things to do, thank you. Like Abby, I had a client whose return was finished on Tuesday who told me today to reduce some of those business expenses (must have had a guilty conscience). I quoted SaraEA to separate her post from the 11th since this part pertained to filing of returns and the other paragraph needed to stay in the topic related to allocating a % of purchase cost to land. 1 Quote
Max W Posted October 19, 2018 Report Posted October 19, 2018 On 10/18/2018 at 7:46 AM, Abby Normal said: It varies, actually (and quite stupidly): https://support.cch.com/kb/solution.aspx/sw18051 Yes, "quite stupidly" Why do corps get 10 days to refile and 1040, and 1041 only 5? I actually had one this year where one of the dependents names didn't match, even though I had a copy of the SS card. There were four names on the card, so I tried various combinations, of first and last names, but nothing matched. The client ended up mailing it in. BTW, thanks for the link. That is a handy chart. 2 Quote
Randall Posted October 22, 2018 Report Posted October 22, 2018 On 10/12/2018 at 4:36 PM, Abby Normal said: Not for them, for me. Why bother, prepare it when you're ready, it's late, they pay a penalty. Quote
Randall Posted October 22, 2018 Report Posted October 22, 2018 A client dropped off her info Friday, Oct 19. 2 Quote
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