Apparently last minute filings on April 15 have overwhelmed the IRS and its ability to acknowledge the return filings (what a shame!) See this article in AccountingToday by Michael Cohn for some more details:http://www.accountingtoday.com/news/IRS-States-Swamped-Last-Minute-Tax-Filings-66382-1.html?ET=webcpa:e6964:204199a:&st=emailThis also affects a lot of state returns that piggyback on the federal efiles, so hopefully this will resolve itself soon. Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: What People Think About Taxes
A new public opinion poll confirms what everyone would normally think – overall people think taxes are too high – put it has an interesting twist. See this posting by Bruce Bartlett in The New York Times:http://economix.blogs.nytimes.com/2013/04/16/what-people-think-about-taxes/So, what do you think?Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: Psst. Tax deadline not much of a deadline for most
Just remember if you file an extension and are getting a refund, there are no penalties for filing late. Actually, even if you didn’t file an extension then, there are no penalties! See this post in MercuryNews.com by Stephen Ohlemacher from the Associated Press: http://www.mercurynews.com/ci_23031296/In any case, I hope you filed an extension if you owed taxes – the penalty is 5% a month if you didn’t!Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com