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Relief for IRS 10/15 tax filings

After discussions with the IRS regarding the upcoming 10/15 tax filing due date, we understand that the IRS is willing to work with taxpayers who need relief. Informally, we’ve been told that practitioners who have made a good-faith effort to meet the filing deadlines on behalf of their clients, but are unable to do so due to COVID-19, should write “COVID-19” in an attachment to the return, and should briefly describe the reason they cannot meet the deadlines, or, if possible, should write “COVID-19” at the top of the tax return to indicate the need for penalty relief.  Also, it may be that our state could provide case-by-case relief too.  Here are some of the reasons that you can put in a return attachment:
  • Challenging extended filing season
  • Practitioner may continue to struggle with COVID-19 complications
  • Made a good-faith effort to meet filing deadlines
    • Write “COVID-19” in an attachment to the return
    • Briefly describe the reason the taxpayer cannot meet the deadline; or
    • Write “COVID-19” at the top of the tax return
  • Practitioners should contact software providers about appropriate notations
  • State specific disaster code relief information may be found at the FEMA Declared Disasters page

Read More in this article from the Journal of Accountancy

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