Obviously not wanting to ruin its grandmotherly image, the IRS has announced that will extend its deadline for certain taxpayers to submit their “Report for Foreign Bank and Financial Accounts” or FBAR.
The administrative relief is for “taxpayers with signature authority over, but no financial interest in, a foreign financial account, and taxpayers with a financial interest in, or signature authority over, a foreign commingled fund.”
Perhaps realizing that putting the gun to the collective head of taxpayers that have foreign bank accounts isn’t the best approach or coming to the conclusion that the drop dead filing date of September 23rd just didn’t make any damn sense, the new deadline is now June 30, 2010.
IRS Extends FBAR Filing Deadline Again [Web CPA]
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Happy March 15th! (2011)
Today marks a great day for our tax troll friends as the first corporate filing deadline of the year. For many of you, this marks the end of the traditional tax season and for the rest of you it’s more of a speed bump but it’s a sure sign that the traditional tax season is winding down.
So as the interns slap together the extensions, maybe dig into your drawer for a little pick-me-up and look over your bracket one last time. Just keep an eye out for the Judases amongst you. As far as they’re concerned, the extensions should have been finished a week ago and you should already be a dead sprint towards April 15th 18th.
Do Muppets Share Grover Norquist’s Views on Tax Policy?
I won’t speak for all of Henson’s peeps [?] but judging by Grover’s reaction to Elmo, you’ve got to think that at least one Muppet is on board with the TP^2.
Conventional wisdom would lead you to believe that the other Grover would be on board with GGN simply based on name, but we won’t make any assumptions.