Another letter from the ways and means
https://waysandmeans.house.gov/sites/de ... ason_0.pdf
zl28 wrote:agree with Berkshire...alot of time with PPP...and also staffing issues in this Covid environment. Though i'd like the tax deadline to be permanently changed to 5/1.
ManVsTax wrote:I think the cure is to stop with the retroactive tax law, not to give them more time to write retroactive tax law.
EZTAX wrote:In California, extension is not valid unless most of the tax is paid by the deadline.
Frankly wrote:If the tax pro can take two minutes any time between now and April 15, he can magically move the deadline out to October 15, gaining an extra 6 months time to work through all the myriad difficulties there may be. Doesn't take an act of Congress to make it happen...
fatherof3 wrote:4868 instructions state to properly estimate your tax liability using information to you.
Those people are reactionary. If they had their way you wouldn't file any tax returns at all because there might be a risk. As for authorization, when a client hands over his papers and says "do my tax returns", there is the authorization right there to do what is necessary to get the job done.E&O insurance (Camico) indicates that you may not file an extension without clients authorization ...
Frankly wrote:If the tax pro can take two minutes any time between now and April 15, he can magically move the deadline out to October 15, gaining an extra 6 months time to work through all the myriad difficulties there may be. Doesn't take an act of Congress to make it happen...
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