{"id":58880,"date":"2019-03-27t18:53:16","date_gmt":"2019-03-27t22:53:16","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=58880"},"modified":"2019-05-05t11:13:20","modified_gmt":"2019-05-05t15:13:20","slug":"wanna-change-the-tax-world","status":"publish","type":"post","link":"\/\/www.g005e.com\/2019\/03\/27\/wanna-change-the-tax-world\/","title":{"rendered":"wanna change the tax world?"},"content":{"rendered":"

\"\"should the april 15th irs extensions go automatic and paperless? the irs needs your feedback.<\/strong><\/p>\n

vote yes<\/span><\/strong><\/span><\/a> or no<\/strong><\/span><\/span><\/a>
\nto add your voice to the discussion
\njoin the survey. get the results.<\/span><\/a><\/p>\n

by eva rosenberg, ea<\/em>
\ntaxmama<\/em><\/a><\/p>\n

you can affect irs policies \u2013 really!<\/p>\n

you\u2019ve recently finished up the tedious task of doing extensions for your clients\u2019 pass-through entities.<\/p>\n

you\u2019re about to do it again for your individuals and corporations.<\/p>\n

are you feeling like it\u2019s a frustrating waste of time? it\u2019s the same people and businesses that need additional time, year-after-year. you know it. the irs knows it.<\/p>\n

please fill out our survey<\/a><\/span> and give us your feedback \u2013 good or bad. we\u2019d like your honest input \u2013 because, really, you can change tax policy.<\/p><\/blockquote>\n

so why go through the charade of the annual extension, when we all know the returns aren\u2019t going to be finished before september or october anyway? and then, suddenly wake up in the middle of the night with the horrifying realization that you left out a client \u2013 and, oh those penalties! or they walk in, in may and tell you they created a partnership or corporation \u2013 and, oh, forgot to mention it.<\/p>\n

that\u2019s what we are proposing to change. to have the irs make those march 15 (7004) and april 15\u00a0(4868 and 7004) extensions automatic and paperless. believe it or not, with your feedback, we can make this happen. \u00a0why? because it\u2019s not just your time being wasted, irs wastes a lot of time on this, too.<\/p>\n

<\/p>\n

\"\"
thorburn<\/figcaption><\/figure>\n

it\u2019s actually been done before. \u00a0doug thorburn, ea, and the california society of enrolled agents almost accomplished before. the program, in the mists of time, was called the apex program \u2013 automatic paperless extensions. the irs and the state of california were very interested \u2013 and almost went through with it.<\/p>\n

at the last minute, the irs backed out of the full program \u2013 but gave us a compromise. california implemented the program. today, the california extension is paperless. you only file it if you will have a balance due. (however, if you don\u2019t file the california extension, and pay the balance due, the penalties are eye-popping.)<\/p>\n

the irs\u2019s compromise?\u00a0 they did three main things:<\/p>\n