Clients spouse passed and she is 92. Last few years clients had refunds. Due to age and other problems spouse needs an extension. Should a -0- 4868 be filed or should we take our chances?
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I would not *take my chances*. Filing an extension is very easy, and the unknown is very scary.
I did 2018 projections for a client...no tax, no estimates, all was good. Until he showed up with 1099-B from his adviser who *re-balanced* the portfolio with consideration of tax consequences to the turn of $ 120,000 capital gains (S/T & L/T).
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