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dascpa
Level 11
March 13, 2021
Question

Updated Odds on Delay?

  • March 13, 2021
  • 26 replies
  • 66 views

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?

This topic has been closed for replies.

26 replies

PATAX
Level 12
March 13, 2021

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

Level 10
March 13, 2021

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
Level 15
March 13, 2021

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
Level 7
March 13, 2021

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

 

dascpa
dascpaAuthor
Level 11
March 13, 2021

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

clr600
Level 7
March 13, 2021

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

sjrcpa
Level 15
March 13, 2021

80% chance they extend, announce on March 16.

The more I know the more I don’t know.
dkh
Level 15
March 13, 2021

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

IRonMaN
Level 15
March 13, 2021

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.

Slava Ukraini!
dascpa
dascpaAuthor
Level 11
March 13, 2021

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

Level 6
March 14, 2021

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
Level 15
March 14, 2021

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.

 

Slava Ukraini!
PATAX
Level 12
March 14, 2021
  • 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...
Level 6
March 14, 2021

My mantra:  I am not Google.

dascpa
dascpaAuthor
Level 11
March 16, 2021

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

dkh
Level 15
March 16, 2021

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".

BobKamman
Level 15
March 16, 2021

 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-deadline