SumwunLost wrote:If we got 7/15 permanently, would the extended due date be abolished?
SumwunLost wrote:Aye, and therein lies the problem, Missingdonut. Would a 7/15 deadline apply to all calendar year tax returns?
Seaside CPA wrote:Things have gotten so late coming out over the past several years: updated tax software due to last minute law changes, 1099's (don't get some from the major brokerages until March), etc. Now we have all of the new laws with no real guidance on lots of things, and Congress looking at making some things retroactive to 2020. To me everything is a mess and I don't see it getting any better any time soon. Congress should be working on future tax law, not retroactive. It is almost impossible to do tax planning any more. I think they should permanently move business returns (corporate/partnerships) to a 4-15 deadline and individual deadlines to 6-15. Then allow a 4 month extension for each. We could take on more clients and still work at a more relaxed pace (if we wanted to).
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