What is recommended? I have a final short year partnership due 1/18/2022 and the forms are not ready to e-file nor is the extension. Should I mail the extension?

Forum|Forum|4 years ago
January 13, 2022
2 replies
19 views

With the backlog of paper returns held by IRS is there another option?

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IRonMaN

Level 15

Mail the extension.

Slava Ukraini!

J

jeffmcpa2010

Level 10

Does it have to be a short year? or could you just run it to the end of the normal year even there was no activity after a certain point.

(That's what I did a couple of years ago when a partnership liquidated in about April). I am not saying I was correct, just how I handled it.

Y

ybaccountantAuthor

Level 3

I actually thought of doing that. With the IRS being so backlogged I do not want to mail anything to them. However, do you think there would be an issue if I used 10/31/2021 as final accounting date on the final Texas Franchise report? What are your thoughts?

J

jeffmcpa2010

Level 10

I would be consistant with the ending dates between States and Fed. Other than that I know nothing about Texas taxes.

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