3/18 was 3 days ago .......

Things seem to change by the hour and the best place to get the latest is by watching the news briefings.....;)

I believe you, my expertise is certainly not in finance. But, I've learned when dealing with the government, I like to see it in an official written statement. NYS dept. of taxation is still trying to fine me for not filing corporate tax returns even though I retired 6 years ago and marked the last return "final"

Here is the official written statement from the IRS website.

Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed | Internal Revenue Service

Thank you---wasn't there when I looked:bigbow:

Actually they change within the news briefings, one states something and then it is corrected by a member of the team. :duck:

IRS extended deadline to mid July 2020 You can call them to verify It was on the news CNN. iRS 1-800-829-1040

you can fill out IRS form 4868 online or by mail that will give you an automatic extension until July to file your taxes.

There is an extension in place to July 15. Please see article at IRS.gov

People should be ignoring anyone who says they have a "hunch/feeling" and only listening/following those doctors/scientists...who deal in facts. :ohdear:

Here's what 'they' don't want you to know about April 15th . . .
 

I've always wanted to use that conspiracy theory phrase! LOL :)

The April 15th federal "deadline" for individuals is not actually a filing deadline (not just this year, but always), unless you have a balance due.

Why? Because penalties for late filing are a percentage of the balance due. No balance due = no penalty for filing whenever you'd like. Of course, if you wait more than a year to file, you might get reminder letters from the IRS, but still no penalties, if you don't owe any tax.

For states with individual income taxes, there may be a penalty for filing after their stated due dates.

Filing deadlines for entities filing as corporations ARE real, and penalties for late filing (without timely filed extensions) can be very substantial - even if not tax is due.

One thing to be careful about this year: While the filing and payment "deadlines" have been moved to July 15, 2020 for the 2019 tax year, the due dates for 1st and 2nd quarter estimated quarterly tax payments has NOT yet been extended. So, if you don't make the appropriate amount of estimated tax payments by April 15, 2020 and June 15, 2020, you may be subject to penalties and interest on the underpayments. I've requested that the Treasury Department extend these due dates, but they have not yet done so (and may not). So, what should you do? My unofficial advice is to make your best guess and send-in quarterly estimated income tax deposits by their due dates.

Truth be told: I am a CPA with a tax specialty. However, I happily retired in November, 2019.

DISCLAIMER OF TAX ADVICE: Any discussion contained herein cannot be considered to be tax advice. Actual tax advice would require a detailed and careful analysis of the facts and applicable law. I have not made and have not been asked to make that type of analysis in connection with any advice given in this message. As a result, any federal tax advice rendered in this e-mail is not intended or written to be used and cannot be used for the purpose of avoiding penalties that may be imposed by the Internal Revenue Service.

Did you not read the other posts? The date for filing has been extended to July 15. You do not need to file a form for an extension.

Has anyone else heard the rumor, that the filing deadline...has been extended to July 15?




:D

Tax Deadline Extension
 

I believe I heard today on the news that the new deadline is July. AARP will know for sure.

OMG !!! Doesn’t anyone read the previous posts or listen to the news ????

Date has been pushed to July 15 I heard no extension needed if you file by then