Tax appointments 2021

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#21
sjrcpa  
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How does a permanent July 15 deadline = extra dollars for larger firms?
 

#22
CathysTaxes  
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If July 15th becomes a permanent deadline then I'm retiring.
Cathy
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#23
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WBR wrote:It appears there is a push by the AICPA...to make the July 15th deadline permanent.


What you seen or heard that makes you think that?

WBR wrote:I will be surprised if the April 15th deadline stands for 2021.


There is so much unknown between now and then politically, economically, and regarding the virus that I think it's anyone's game. But, if I had to bet with my "hypothetical" dollars, which is all I ever bet with (good luck collecting), I'd say no postponement. File your returns or an extension with payment by 4/15. The medical community and executive branch have a lot more data points now versus seven months ago as far as the virus is concerned. There's a lot less uncertainty.
 

#24
belle  
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sjrcpa wrote:How does a permanent July 15 deadline = extra dollars for larger firms?


Less overtime maybe? That's the only thing that comes to mind for me.
 

#25
CathysTaxes  
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belle wrote:
sjrcpa wrote:How does a permanent July 15 deadline = extra dollars for larger firms?


Less overtime maybe? That's the only thing that comes to mind for me.

Most people I know in the field enjoy summer hours. They won't want to give that up.
Cathy
CathysTaxes
 

#26
belle  
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CathysTaxes wrote:
belle wrote:
sjrcpa wrote:How does a permanent July 15 deadline = extra dollars for larger firms?


Less overtime maybe? That's the only thing that comes to mind for me.

Most people I know in the field enjoy summer hours. They won't want to give that up.


I don't like giving up my summer hours either. That, however, doesn't translate into *extra dollars for larger firms". I don't see how an permanently extended filing deadline would put any "extra" dollars into the coffers of a larger firm.
 

#27
ATSMAN  
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If July 15 becomes the new filing deadline, my business model will have to change drastically.
 

#28
CathysTaxes  
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belle wrote:
I don't like giving up my summer hours either. That, however, doesn't translate into *extra dollars for larger firms". I don't see how an permanently extended filing deadline would put any "extra" dollars into the coffers of a larger firm.

IME, it didn't. It just dragged my anxiety until July 15th because even though I was almost done by April 15th, the clients took that long to sign them.
Cathy
CathysTaxes
 

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