Fabulous article, I've been filing blank extensions for years and one of my CPA friends always heckles me about it. You make a great case for cleaning up my act. If I end up with a couple of clients I haven't talked to and I'm worried I'll get in the way of an extension by a new accountant I wait and efile those few at the 11th hour if I can't reach them, but that's a ridiculous burden to put on myself.
Thank you for this very informative and well written article. I was surprised to hear about the Chapter 7 extension of time, valuable information to know. Would the additional time extension be added even if the taxpayer ended up filing on time. Does the act of filing the extension extend the time period no matter the filing date of the return or circumstance.
Thanks. I need to clean up my act. I have lazy client who do not give me the data to make an estimate for the current year. Do I just use the last year's amount?
Hi thanks for the extension article, very interesting. We have several clients that pay their extension on line. In the past we had a client forget and as I thought they paid on line, i did not file an extension. Obviously, the return and payment were late and there were penalties we had to fight. Since then when a client pays on line, we also file one electronically in case the forget again, at least we protect against a late filed return and only the payment is late. Do you have any problems with sending per se"twice"?
Fabulous article, I've been filing blank extensions for years and one of my CPA friends always heckles me about it. You make a great case for cleaning up my act. If I end up with a couple of clients I haven't talked to and I'm worried I'll get in the way of an extension by a new accountant I wait and efile those few at the 11th hour if I can't reach them, but that's a ridiculous burden to put on myself.
Always love these tips. Not overly long during tax season, but concise and good tips and examples.
What happens when there is an automatic extension (FEMA for San Diego) for example. Does this extend the statute automatically also for BK?
Thank you!
Thank you for this very informative and well written article. I was surprised to hear about the Chapter 7 extension of time, valuable information to know. Would the additional time extension be added even if the taxpayer ended up filing on time. Does the act of filing the extension extend the time period no matter the filing date of the return or circumstance.
Thanks. I need to clean up my act. I have lazy client who do not give me the data to make an estimate for the current year. Do I just use the last year's amount?
Hi thanks for the extension article, very interesting. We have several clients that pay their extension on line. In the past we had a client forget and as I thought they paid on line, i did not file an extension. Obviously, the return and payment were late and there were penalties we had to fight. Since then when a client pays on line, we also file one electronically in case the forget again, at least we protect against a late filed return and only the payment is late. Do you have any problems with sending per se"twice"?