[joey2665]

Originally Posted by bigdog

I know folks here are not CPA's (actually maybe some are ?), but thinking of filing a Federal tax extension ?

The deadline for federal taxes was extended to July 15, as a result of COVIT, but I'm reluctant to send my several thousand into the IRS at this time.

In normal times, when when files a tax 'extension' one has to pay fines and penalties, but under COVIT terms, I'm wondering if the Feds are going to apply the same penalties or let it slide ? I'm hoping that before July 15, U.S. Congress, will extend the filing deadline again, out in the future ?

If nothing ,materializes between now and then, I will send in my payment
on July 14th, in order to hold on to my money until the last moment !
Of course I will have my tax filing letter postmarked on the 14th, and pay the extra $ to the U.S. Post office for the confirmed delivery.

Thoughts ?

I have not posted in a while and since this has no political connotations I’ll give you my professional opinion. There is talk of extending time of payment but nothing definite. My advice is wait as long as possible to see if there is an additional extension of time to pay without penalties and interest. Your payment doesn’t have to be received by 7/15 just postmarked 7/15. If they do not extend by 7/15 I suggest mailing certificated on the 7/15 to avoid the penalties and interest.


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