I think the answer is no, but I just wanted to double check that one could file for an Oct. 15th extension on July 15th?
Thanks.
I think the answer is no, but I just wanted to double check that one could file for an Oct. 15th extension on July 15th?
Thanks.
July 15th is the new April 15th.
https://www.irs.gov/newsroom/irs-ext...ons-and-others
The IRS has not directly addressed the due date for Form 4868, which is the form to use for extensions of time to file an individual income tax return (Form 1040). However, most are interpreting the IRS announcement of pushing back the original due date of the return to also extending the time to file the Form 4868, too. And that is likely how the IRS will implement it. That said, since it is not explicitly addressed as of today I have ensured that client Forms 4868 got postmarked by today since the forms are fast and easy to prepare and this ensures that the extensions will be good. So if you can readily do it today, it wouldn't hurt to just go ahead and do it. But if you can't, chances are you'll still be good as long as you get it in by July 15.
Yes, they actually did. From page 7 of N-20-23 which was in the link I linked to...
This relief is automatic; Affected Taxpayers do not have to call the IRS or file any extension forms, or send letters or other documents to receive this relief. However, Affected Taxpayers who need additional time to file may choose to file the appropriate extension form by July 15, 2020, to obtain an extension to file their return, but the extension date may not go beyond the original statutory or regulatory extension date. For example, a Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, may be filed by July 15, 2020, to extend the time to file an individual income tax return, but that extension will only be to October 15, 2020. That extension will not extend the time to pay federal income tax beyond July 15, 2020.
The link on the page I linked.
https://www.irs.gov/pub/irs-drop/n-20-23.pdf