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Should a 4868 be filed if the client expects a refund? If a refund is expected and client has none will a penalty be imposed?

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Level 1

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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Level 15

I'd file it just to be safe.


ex-AllStar

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Level 15

I'd file it just to be safe.


ex-AllStar

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Level 15
Better safe than sorry :+1::+1:
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 15

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).

Former Chump... umm.... AllStar.
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