Winnipesaukee Forum - View Single Post

bigdog · 07-04-2020, 08:04 PM

I know folks here are not CPA's (actually maybe some are ?), but thinking of filing a Federal tax extension ?

The deadline for federal taxes was extended to July 15, as a result of COVIT, but I'm reluctant to send my several thousand into the IRS at this time.

In normal times, when when files a tax 'extension' one has to pay fines and penalties, but under COVIT terms, I'm wondering if the Feds are going to apply the same penalties or let it slide ? I'm hoping that before July 15, U.S. Congress, will extend the filing deadline again, out in the future ?

If nothing ,materializes between now and then, I will send in my payment
on July 14th, in order to hold on to my money until the last moment !
Of course I will have my tax filing letter postmarked on the 14th, and pay the extra $ to the U.S. Post office for the confirmed delivery.

Thoughts ?

07-04-2020, 08:04 PM	#1
bigdog Senior Member Join Date: Apr 2006 Location: Central MA-Gilford Posts: 1,418 Thanks: 314 Thanked 117 Times in 94 Posts	Federal Tax Extension ? I know folks here are not CPA's (actually maybe some are ?), but thinking of filing a Federal tax extension ? The deadline for federal taxes was extended to July 15, as a result of COVIT, but I'm reluctant to send my several thousand into the IRS at this time. In normal times, when when files a tax 'extension' one has to pay fines and penalties, but under COVIT terms, I'm wondering if the Feds are going to apply the same penalties or let it slide ? I'm hoping that before July 15, U.S. Congress, will extend the filing deadline again, out in the future ? If nothing ,materializes between now and then, I will send in my payment on July 14th, in order to hold on to my money until the last moment ! Of course I will have my tax filing letter postmarked on the 14th, and pay the extra $ to the U.S. Post office for the confirmed delivery. Thoughts ? Last edited by bigdog; 07-04-2020 at 08:05 PM. Reason: spelling