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  1. #1
    Join Date
    Oct 2019
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    Default Is Today the Last Day to File for an Oct 15th Extension?

    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.

  2. #2
    Join Date
    Oct 2016
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    Default Re: Is Today the Last Day to File for an Oct 15th Extension?


  3. #3
    Join Date
    Oct 2014
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    Default Re: Is Today the Last Day to File for an Oct 15th Extension?

    Quote Quoting Carl83209
    View Post
    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.
    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.

  4. #4
    Join Date
    Feb 2020
    Posts
    750

    Default Re: Is Today the Last Day to File for an Oct 15th Extension?

    Quote Quoting Taxing Matters
    View Post
    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.
    I have watched at least 5 CPA's who identify themselves and look into a camera on the internet and have boldly said what Payrolguy has said. So we are supposed to believe some anonymous guy who wants to dress it up differently?

  5. #5
    Join Date
    Oct 2016
    Posts
    4,301

    Default Re: Is Today the Last Day to File for an Oct 15th Extension?

    Quote Quoting Taxing Matters
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    The IRS has not directly addressed the due date for Form 4868,
    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.

  6. #6
    Join Date
    Feb 2020
    Posts
    750

    Default Re: Is Today the Last Day to File for an Oct 15th Extension?

    Quote Quoting PayrolGuy
    View Post
    Yes, they actually did. From page 7 of N-20-23 which was in the link I linked to...
    That doesn't matter, he still is not wrong. Just wait for the double talk.

  7. #7
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: Is Today the Last Day to File for an Oct 15th Extension?

    Quote Quoting PayrolGuy
    View Post
    Yes, they actually did. From page 7 of N-20-23 which was in the link I linked to...
    The thing you linked to was only one page long. The paragraph you quoted above however does seem to specifically address it.

  8. #8
    Join Date
    Oct 2016
    Posts
    4,301

    Default Re: Is Today the Last Day to File for an Oct 15th Extension?

    Quote Quoting llworking
    View Post
    The thing you linked to was only one page long. The paragraph you quoted above however does seem to specifically address it.
    The link on the page I linked.

    https://www.irs.gov/pub/irs-drop/n-20-23.pdf

  9. #9
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: Is Today the Last Day to File for an Oct 15th Extension?

    Quote Quoting PayrolGuy
    View Post
    The link on the page I linked.

    https://www.irs.gov/pub/irs-drop/n-20-23.pdf
    Ok, now I see what you are talking about.

  10. #10
    Join Date
    Oct 2014
    Posts
    8,238

    Default Re: Is Today the Last Day to File for an Oct 15th Extension?

    Quote Quoting PayrolGuy
    View Post
    Yes, they actually did. From page 7 of N-20-23 which was in the link I linked to...
    Yes, they did. Thanks for pointing that out.

    Quote Quoting Harold99
    View Post
    That doesn't matter, he still is not wrong. Just wait for the double talk.
    I'm happy to admit when I get something wrong or miss something, as in this instance. But of course you are determined to assume the worst of me because I'm a lawyer, right?

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