July 15th - Now a Maybe

[dascpa]

Dems have introduced to the House Ways & Means Committee to push the April 15th deadline to July 15th (this year only).  Let's hope we find out before April 14th.......

[IRonMaN]

I heard the vote is scheduled for April 13th😯

[TaxGuyBill]

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@IRonMaN wrote:

I heard the vote is scheduled for April 13th😯

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I heard it was scheduled for April 16th.   😂

[IRonMaN]

In my defense, my hearing isn't what it used to be 😁

[jeffmcpa2010]

Oh please no...we don't need another train wreck like last year just giving clients a reason to procrastinate.

Leave it where it is and let us get it overwith.

[qbteachmt]

"just giving clients a reason to procrastinate."

They aren't already procrastinating?

[jeffmcpa2010]

oops...my bad

Procrastinate LONGER!!

That better...lol.

[TaxGuyBill]

A bill being introduced means almost nothing. The vast majority of bills don't go anywhere.

As for any potential change to the due date, I don't see why.  The IRS has already said they can handle the April 15th due date.  If taxpayers want to wait longer, they can easily file a 6 month extension.

[PATAX]

Looks like Iron Man was right... February 15th post

[IRonMaN]

We'll see if those ACME mind reading classes pay off.

[itonewbie]

What makes the biggest difference is the P&I that would start to accrue from April 15 if the deadline is not postponed.

Personally, I don't see how the IRS can cope in spite of the latest statement that they are ready to "help taxpayers meet the April 15 deadline".  Social distancing measures are also adding time to normal routine.

[chasetax]

don't want a train wreck, but we have already pulled out of the station. 7 and 1/2 weeks left of season-forms not ready for another week or so--maryland changing up on us 4 days after e-filing started--don't think there are enough hours/days left for me to complete my normal number of returns, let alone the extras I am getting because the senior centers are closed here(baltimore county)

[IRonMaN]

If I was the conductor, I would head to the back of the train ---------------- just in case 🚄

[qbteachmt]

Don't forget all the filings done already for/by people with UI, and the Durbin bill is for making some of that 2020 unemployment nontaxable. There's never time to hurry up and wait, but there's going to be time to do it twice.