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Will tax season be extended again?

Level 7

Since there are more daily cases of Coronavirus compared to the same time last year I wonder what the probability of an extended tax season is? Also there is supposed to be a surge of Coronavirus in March due to the mutations. I would not mind another extension of tax season like last year.

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Level 15

Look at all of the complaining here about forms not being ready yet and it is the middle of February.  And what if the next stimulus bill contained a provision to make some of those unemployment benefits not taxable?  It ain't over til it's over and it ain't over yet so don't bet the ranch on shutting the lights off on April 15th.

This week's special - free amended tax returns to anybody bringing in a signed copy of the law providing tax breaks for unemployment.

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Level 8

You will have to ask @IRonMaN  I believe he has been certified by the community as the go to mind reader! 

Also the ACME Mind Reading School.

Highly doubt it.  The few times IRS officials have been asked, they have said no plans to do so.  And there does not seem to be any groundswell of agitation from taxpayers pushing for this.

As a society, we more or less have adapted to the pandemic at this point, which is a very different situation from last year, when it really came into view into mid-March and offices and schools suddenly shut down, giving urgency to postponing the deadline only a month away.

That said, I agree with you the tax season extension last year was a blessing in disguise for preparers and I would be happy if it became permanent.  Was able to take on more clients while spreading out my hours over an extended busy season.  Didn't really understand all the carping from other accountants.

 

 

Level 7

Thank you for the reply. I would imagine that some tax accountants may have been complaining last year because they were used to working only to April 15th and then taking it easy for the rest of the year

Level 15

Look at all of the complaining here about forms not being ready yet and it is the middle of February.  And what if the next stimulus bill contained a provision to make some of those unemployment benefits not taxable?  It ain't over til it's over and it ain't over yet so don't bet the ranch on shutting the lights off on April 15th.

This week's special - free amended tax returns to anybody bringing in a signed copy of the law providing tax breaks for unemployment.

View solution in original post