Mnuchin Announcing Extension of Tax Filing Deadline On Twitter Is the Most 2020 Thing Ever
Americans get three extra months to file their 1040s, per this tweet from Treasury Secretary Steven Mnuchin. At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties. — Steven Mnuchin (@stevenmnuchin1) March 20, […]
The AICPA Really Wants Tax Professionals to Flood Steve Mnuchin’s Inbox
The AICPA was pretty damn confident the Treasury Department and the IRS would extend the April 15 filing deadline for individuals due to the COVID-19 pandemic, so confident that the AICPA told CPAs in an emailed message last weekend that they anticipated this week that Tax Day would be extended by 90 days and that […]
The AICPA Is Pretty Sure the April 15 Filing Deadline Is Gonna Be Extended, You Guys
Several CPAs have posted on Twitter, Fishbowl, and Reddit the following communiqué they received Sunday afternoon from the AICPA regarding both the April 15 and the March 16 filing deadlines: While tax season 2019 was considered by most as one of the worst tax seasons on record, tax season 2020 might go down as the […]
This Tax Season Is Going to Be Easier Than Last Year’s, Right? RIGHT?
“A lot of CPAs would agree that last year was the worst tax filing season in their professional career. But it would be a mistake to think the upcoming season will be easy just because everyone is now familiar with the Tax Cuts and Jobs Act. There may be a slight reduction in the complexities […]
Here’s Your Open Thread For the Horrible, No Good October 15 Filing Deadline of 2019
Happy Oct. 15, tax preparers. We hope you make it through today without any last-minute complications or wanting to strangle difficult clients. From what we’ve read and seen on Twitter, this year’s Tax Season 2.0 has been much more of an ass-kicker than in previous years as a result of the new tax law. Anecdotally, […]
Are There Really Americans Who Pay NO Taxes?
What do you get when you combine a presidental election year and tax day? For starters, you get a lot of wonks working themselves into a lather over the 50 or so percent of Americans who pay little to no income tax. It's convenient for these people to say "these Americans pay no taxes!" but […]