It seems to make sense to file an extension even if the return is filed by April 15, just for reasons like extending the time to get a refund. Is this a good tax strategy or is there some downside?
Does a filing extension for federally declared disaster also extend the 3 year statue to claim a refund? For example a 2018 form 1040 filed 10/1/19 whose 3 year period to claim refund expired 10/1/22 does the Hurricane Ian relief for Florida taxpayers extend the deadline to 2/15/23 to be able to file an amended 2018 1040 to claim refund?
Tom Talks Taxes - January 23, 2023
It seems to make sense to file an extension even if the return is filed by April 15, just for reasons like extending the time to get a refund. Is this a good tax strategy or is there some downside?
Does a filing extension for federally declared disaster also extend the 3 year statue to claim a refund? For example a 2018 form 1040 filed 10/1/19 whose 3 year period to claim refund expired 10/1/22 does the Hurricane Ian relief for Florida taxpayers extend the deadline to 2/15/23 to be able to file an amended 2018 1040 to claim refund?
Just to be clear, if the 2019 not filed until April 15, 2023, they may not receive a full refund. Correct?
This would be a great chart to have and update each year.