Community Chat

[SharkE]

Husband swears he saw it on TV. Only thing I can find is it pertains only to people who are affected by the virus.

Anybody know the facts?

[willomenia]

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@SharkE wrote:

Husband swears he saw it on TV. Only thing I can find is it pertains only to people who are affected by the virus.

Anybody know the facts?

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i believe i saw the same thing as your husbnd, but didn't give extended to date

[Janey2]

In Cal. It was extended. There is supposed to be some type of announcement today. My guess it will be extended.

[x Hedge]

People have always been able to file for an extension when necessary, so what's the point in disrupting the expected standard on that too?

[SharkE]

I've googled it all I can find is it pertains to people who have the virus

he wants to mess around since we always have to pay in, but, I don't want to pay fines and interest if he doesn't know what he's talking about.

[ms traditional]

nothing official yet -  recommended by the Treasury Dept per WSJournal.  maybe for 3 months?  no details yet but i would expect sooner rather than later since we're a month away.  but for people who have a due bill, and for tax professionals, this would definitely be a help.

[ms traditional]

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@x Hedge wrote:

People have always been able to file for an extension when necessary, so what's the point in disrupting the expected standard on that too?

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@x Hedge this applies to those who have money due who could delay payment without penalties for late pay -- and would help tax professionals immensely as this is maximum crunch time. they see a lot of people in last month which may not be indicated in this environment, right?

[x Hedge]

@ms traditional ,

My thinking was that so much can be done electronically, replacing the face to face. Discussions by phone or skype, documents faxed or scanned/emailed, electronic signatures, etc.

[kitcat51]

Sadly many won't pay attention  to the delay details & end up owing a pentaly...don't add confusion to an already confusing mess, leave the current tax deadline in place.

[ms traditional]

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@x Hedge wrote:

@ms traditional ,

My thinking was that so much can be done electronically, replacing the face to face. Discussions by phone or skype, documents faxed or scanned/emailed, electronic signatures, etc.

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for some yes; more problematic for small businesses. i don't know about seniors who get senior center help who won't have people dropping in to help, don't skype, etc.  this would put less pressure on IRS personnel too.