Will tax season be extended again?

Forum|Forum|5 years ago
February 15, 2021
29 replies
94 views

Since there are more daily cases of Coronavirus compared to the same time last year I wonder what the probability of an extended tax season is? Also there is supposed to be a surge of Coronavirus in March due to the mutations. I would not mind another extension of tax season like last year.

ProSeries Professional

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Best answer by IRonMaN

Look at all of the complaining here about forms not being ready yet and it is the middle of February. And what if the next stimulus bill contained a provision to make some of those unemployment benefits not taxable? It ain't over til it's over and it ain't over yet so don't bet the ranch on shutting the lights off on April 15th.

Camp1040

Level 10

You will have to ask @IRonMaN I believe he has been certified by the community as the go to mind reader!

Also the ACME Mind Reading School.

J

JOFI

Intuit Community Champion

Highly doubt it. The few times IRS officials have been asked, they have said no plans to do so. And there does not seem to be any groundswell of agitation from taxpayers pushing for this.

As a society, we more or less have adapted to the pandemic at this point, which is a very different situation from last year, when it really came into view into mid-March and offices and schools suddenly shut down, giving urgency to postponing the deadline only a month away.

That said, I agree with you the tax season extension last year was a blessing in disguise for preparers and I would be happy if it became permanent. Was able to take on more clients while spreading out my hours over an extended busy season. Didn't really understand all the carping from other accountants.

PATAXAuthor

Level 12

Thank you for the reply. I would imagine that some tax accountants may have been complaining last year because they were used to working only to April 15th and then taking it easy for the rest of the year

IRonMaNAnswer

Level 15

Look at all of the complaining here about forms not being ready yet and it is the middle of February. And what if the next stimulus bill contained a provision to make some of those unemployment benefits not taxable? It ain't over til it's over and it ain't over yet so don't bet the ranch on shutting the lights off on April 15th.

Slava Ukraini!

J

jesdq1

Level 4

Does anyone know the current status of unemployment benefits, first $10,000 not subject to Federal tax? I am starring at my pile of "on hold returns" and getting nervous.

PATAXAuthor

Level 12

It looks like the bill just got passed by the House of Representatives .. It looks like the first $10,200 of unemployment compensation received in 2020 will be non-taxable , but you should check this for yourself to verify... it may take a little while for the IRS and ProSeries to coordinate and change necessary forms... I think it is a good idea to just be a little patient , but that is just my opinion..

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