Updated Odds on Delay?

[dascpa]

Originally 50/50, then 99% yes (expected to hear this Tuesday). Now not sure. Maryland already delayed to 07/15.  40+ other states haven't decided how to handle the unemployment.  Your opinion?

[PATAX]

I would say it is a 50-50 chance that there will be an extended tax season... They should do this but who knows what will happen... just my opinion

[jeffmcpa2010]

I am guessing announcement Tuesday - After all the 3-15 filing's so as not to confuse anyone.

Someone should start a pool.

Winner get's an hour off!

[BobKamman]

I'm still at 90-10 and waiting to see what happens after the corporate money is collected Monday.  The states should go along for the ride, with all the money they got from ARP.  And, they need to figure out whether to conform to unemployment exclusion, and if not, how to revise their instructions for returns not already filed.  

[clr600]

Texas and Louisiana has an extension until 6/15 due to the ice storm

[dascpa]

Doesn't count as you didn't give your % opinion....

[clr600]

100 % the IRS will extend til 7/15 like last year

[sjrcpa]

Oklahoma

[sjrcpa]

80% chance they extend, announce on March 16.

[dkh]

I 100% need it to happen because I'm over 50% behind but only 60% confident it will 

[IRonMaN]

0% - Not that they don't want to extend but they are too busy dealing with the unemployment fiasco and processing more stimulus checks that they will forget there is an April 15th due date.

[dascpa]

😞    I'm so far behind I'll remind them by phone call, email, and text.

[pamdory]

I'm 100% hopeful it will be announced on Tuesday the 16th.  

If not there's a 50% chance I'll start making snarky comments to clients who are "just curious" about when their return will be ready, 100% chance if they tell me how long I've had their information.

[IRonMaN]

The one thing have appreciated about this place over the years is, sometimes you wonder if you are the only one with "special" clients.  Then you read some of the posts here and you realize we all have those "special" individuals -------- same clients, just different names.

[PATAX]

• You hit the nail on the head Iron Man. The proportion of our clients called problematic  increases every year as the older clients, who had common sense ,common courtesy, etc. gradually diminish. God help us when these morons become the majority...

[pamdory]

My mantra:  I am not Google.

[BobKamman]

Au contraire, my problem clients are the seniors who feel compelled to forward me the emails they circulate among themselves with odd misinformation and false rumors combined with personal attacks on public figures they dislike.  I wish I had more younger ones, although I don't miss preparing tax returns with toddlers exploring my office.  

[PATAX]

You got a good point there Bob ....Some of my older clients are also pains in the you know what... But I think we have to cut them a little bit more Slack since they may have been through a lot during their lifetime and they may not be feeling well or on medication, who knows ..Just my opinion

[dascpa]

Feeling very nervous - my odds of a delay are going down. Your opinion?

[dkh]

I, too, am not so confident it will happen.  Going to switch from preparing "first in first out" to giving priority to "balance due over refunds".

[pamdory]

Well last year the declaration came on March 17th.

Keep sending positive thoughts, IRS can smell fear.

[IRonMaN]

The IRS admits they are way behind schedule and they are getting pressure from politicians and preparer groups to extend the deadline.  But the IRS will never let you see them sweat, so who knows, maybe they will say screw you and keep the April 15th date.  If they do keep the date, I know I am too far behind to ever make it to the finish line on April 15th.  I've got a boatload of business returns on hold waiting to see whether MN also says screw you to folks with PPP loan forgiveness.  And like a lot of folks I have quite a few unemployment returns that were done once and now being done a second time.  As a side note, it seems like only myself and my retired clients were the only folks that didn't dip in for some of those sweet unemployment dollars.  Actually, I shouldn't say retired clients.  We had two clients that had retired at this time last year that showed up with unemployment benefits this year ------- go figure.  It's been a long year, but I have to go now.  I have to be at Walmart in 15 minutes for my greeter job interview.

[BobKamman]

@IRonMaN 

Stop complaining and be glad you didn't go to medical school.  You would have patients calling to complain about their cancer, and asking why it can't be cured by next week.  

[IRonMaN]

How do you know I didn't go to medical school?  My first job was a doctor, but people kept calling me to complain to me why I couldn't cure their cancer by next week. 

[PATAX]

I think there is a 70% chance that it will be extended this week.

[BobKamman]

@IRonMaN " My first job was a doctor, but people kept calling me to complain to me why I couldn't cure their cancer by next week."

Did you explain to them you were waiting for a software update?

[BobKamman]

 From The Hill:

A group of more than 100 House members on Tuesday urged the IRS to extend the tax filing and payment deadlines — the latest effort from lawmakers to press the IRS to postpone the April 15 due date.

"We respectfully urge you to extend the federal tax filing and payment deadline as Americans, and the IRS, continue to grapple with the disruptions caused by the COVID-19 pandemic," the lawmakers wrote in a letter sent Tuesday to IRS Commissioner Charles Rettig and acting Treasury assistant secretary for tax policy Mark Mazur.

Reps. Jamie Raskin (D-Md.) and Bill Pascrell (D-N.J.) took the lead on the letter, which was primarily signed by Democrats. Pascrell serves as chairman of the House Ways and Means Committee's oversight subcommittee, which is scheduled to hold a hearing with Rettig on Thursday.

https://thehill.com/policy/finance/543459-calls-grow-from-lawmakers-for-irs-to-extend-filing-deadlin...