Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 685 other subscribers
  • Blog Stats

    • 314,960 hits
  • Posts By Day

    June 2023
    M T W T F S S
  • Subscribe

  • Special Pages

Archive for the ‘TaxDay’ Category

Combining Two Famous Sayings

Posted by taxguru on April 29, 2023

You might not have seen this Mallard Fillmore comic from April 18 because that strip had been cancelled from most large newspapers over two years ago for daring to mention something deemed by our rulers to be not politically correct: that it’s unfair for men to compete against women in some sports.

Luckily, the folks behind this conservative comic didn’t quit making them and their most recent ones can be found on the net, such as here at Comics Kingdom.

Posted in comix, Death, DeathTax, TaxDay, taxes | Comments Off on Combining Two Famous Sayings

Tax Day For 2022 Returns Is Now October 16 For Many In Calif.

Posted by taxguru on February 25, 2023

The residents of the formerly Golden State have been clobbered by so many major events that IRS has officially given them until October 16, 2023 to file their 2022 tax returns.

This also applies to tax filers in parts of Georgia and Alabama, who had their own miseries befall them.

The IRS Press Release:
May 15 tax deadline extended to Oct. 16 for disaster area taxpayers in California, Alabama and Georgia

Unlike the normal type of six month extension from April until October, this special change also allows tax payments to be postponed until 10/16/23 without any of the late penalties that would apply to tax due under a normally extended 10/16 filing.

Since this IRS pronouncement is so new, the California Franchise Tax Board hasn’t yet had a chance to issue its own press release regarding this new filing deadline for 2021 returns; but there’s no reason to suspect that they won’t conform to the IRS time schedule as they did in January.

Posted in Calif, IRS, TaxDay | Comments Off on Tax Day For 2022 Returns Is Now October 16 For Many In Calif.

Tax Day is May 15 For Parts of Calif.

Posted by taxguru on January 11, 2023

Because of April 15 falling on a Saturday this year, along with DC’s special Emancipation Day holiday on April 17, the official IRS Tax Day for filing most kinds of 2022 income tax returns (or extensions) is Tuesday, April 18, 2023.

As happened last year here in Florida, with Hurricane Ian, when a Federally Declared disaster hits a large part of the country, IRS has the power to provide extra time for those taxpayers and preparers who were in those affected areas.

Less than two weeks into the new year and IRS has already given such an extension to many parts of California.

IRS News Release:
California storm victims qualify for tax relief; April 18 deadline, other dates extended to May 15

Unlike the Hurricane Ian deadline extension, which encompassed the entire state of Florida, this new one currently only covers the following named counties:

Colusa, El Dorado, Glenn, Humboldt, Los Angeles, Marin, Mariposa, Mendocino, Merced, Monterey, Napa, Orange, Placer, Riverside, Sacramento, San Bernardino, San Diego, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Solano, Sonoma, Stanislaus, Sutter, Tehama, Ventura, Yolo and Yuba

As the press release says, this list may need to be expanded as things develop out there on the Left Coast.

We have several Calif clients who do benefit from this one month delay under the current list, but clients in our old stomping grounds of Alameda and Contra Costa counties weren’t hit hard enough by the storms to qualify at this time.

[Update 1/11/23] – IRS has added the following Calif. counties to the list of those qualifying for the May 15 filing deadline:
Alameda, Contra Costa, Fresno, Kings, Lake, Madera, Mono, San Benito, San Francisco, and Tulare counties.

[Update 1/13/23] – As was expected, the Calif Franchise Tax board has gone along with this filing extension for storm affected counties, including the ones recently added by IRS.
The FTB news release: Tax Relief for Californians Impacted by Storms

Posted in disaster, IRS, TaxDay | Comments Off on Tax Day is May 15 For Parts of Calif.

Tax Day is April 18 for 2021 1040s

Posted by taxguru on January 10, 2022

It’s been a few years since the official tax return deadline has been the classic April 15 we have all grown up with and associated with income taxes in this country. Due to holiday and weekend issues, we aren’t returning to the 15th this year either.

As explained in this IRS news release, the filing deadline is Monday, April 18 for taxpayers in every state except Maine and Massachusetts. Because of their Patriots’ Day holiday, they have an extra day, until April 19.

Not that IRS needs any more help complicating the tax system, but what would the deadlines look like if every State were to come up with their own special holidays around the time of April 15? It would be craaazy.

As we have learned over the past few years, the April 18 date is not cast in stone. It is subject to change if we have more disruptive events happen between now and then.

Posted in IRS, TaxDay | Comments Off on Tax Day is April 18 for 2021 1040s

The Second Year When April 15 Is Just a Regular Day

Posted by taxguru on April 15, 2021







Posted in TaxDay | Comments Off on The Second Year When April 15 Is Just a Regular Day

Tax Day is Now May 17 For Individuals

Posted by taxguru on March 17, 2021

After a lot of teasing us with “will they or won’t they,” IRS has decided to give most of the country until Monday, May 17 to file 2020 tax returns or extensions.

Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline

While we should all appreciate any extension of the filing deadline, just moving it back by one month seems a bit half-assed.  While most people were expecting another July 15 Tax Day, I was betting on June 15, which would have brought everyone else in sync with Texas, Louisiana and Oklahoma,

Of course, there is a possibility that one month from now, IRS may move Tax Day out by another month or two, adding even more confusion to the process of preparing and filing tax returns.

It’s another crazy Tax Season.

Update 3/19/21:  There are a lot of critics, such as the AICPA, of this limited filing delay because it doesn’t cover businesses, which have a lot of new confusing issues to deal with from the pandemic, and the fact that IRS supposedly still wants people to send in their first estimated (ES) tax payment for 2021 by April 15.  Again, this is very much like the confusion we went through at this time last year, when for a while, IRS was requiring the second ES payment for 2020 to be made by June 15, while the first wasn’t due until July 15.  IRS is a master at complicating what should be a simple across the board delay for everyone.    

Posted in IRS, TaxDay | Comments Off on Tax Day is Now May 17 For Individuals

Delayed Tax Day for Three States

Posted by taxguru on March 12, 2021

While we are all waiting for IRS to announce a nation-wide extension of the filing deadline for 2020 tax returns, they have officially given a two month delay – until June 15 – to three States which had some nasty weather recently.

Victims of Texas winter storms get deadline extensions and other tax relief

IRS announces tax relief for Oklahoma severe winter storm victims

IRS announces tax relief for Louisiana severe winter storm victims


The insane two trillion dollar “stimulus” bill that was signed into law yesterday has some tax related items that will require modifications to the IRS’s computers, as well as to the software we practitioners use.  Trying to get all of that up to speed with an April 15 filing deadline will just make an already crazy Tax Season even more so.

While everyone will still have the option to file for their own extensions, until October 15, there is a big difference between that approach and IRS delaying the initial filing deadline.  If IRS doesn’t give us all extra time, we will have to do some tax calculations and submit payments for any expected taxes due by April 15. 

If IRS gives us the extra time like we had last year, those payments won’t be due until the new Tax Day, which will hopefully be July 15 for everyone.  It would also delay the deadline for some other tax return related events, such as when money could be deposited into an IRA account and be deducted on the 2020 returns.

Posted in IRS, TaxDay | Comments Off on Delayed Tax Day for Three States

Another Uncertain Tax Season

Posted by taxguru on March 10, 2021

It’s impossible not to have déjà vu feelings related to last year, when at this same point in time, there was a confusing “will they or won’t they” tension in the country in regard to IRS extending the official filing deadlines for 2019 tax returns.  We are currently in the midst of exactly that same debate for 2020 returns, with calls for July 15 to be Tax Day again this year.

Of course until IRS makes its official declaration of a later tax filing deadline, we have to operate as if the normal due dates of March 15 and April 15 are still our targets.

Very interesting analysis of the current status of how behind IRS currently is in this article from Accounting Today:

Momentum builds for delaying tax deadline

Posted in IRS, TaxDay | Comments Off on Another Uncertain Tax Season

Tax Day For Texas is June 15

Posted by taxguru on February 22, 2021

Due to the massive Winter freeze and resulting loss of power, the entire State of Texas has been granted more time by IRS to file their 2020 income tax returns. 

Victims of Texas winter storms get deadline extensions and other tax relief

As explained in this news release from IRS, everyone in Texas, plus those outside that state who were affected by the storm, will have until June 15, 2021 to file their business (normally due March 15) and individual (normally due April 15) income tax returns.  

While there have been rumors of another nationwide extension of Tax Day based on the Covid-19 shut-downs, nothing concrete has been set regarding that. 

Posted in disaster, TaxDay | Comments Off on Tax Day For Texas is June 15

Tax Day Remains July 15–File Extensions For More Time

Posted by taxguru on June 30, 2020

After a lot of speculation that the official Tax Day for 2019 income tax returns would be moved out to September 15 or October 15, IRS ended the confusion with a news release.

Taxpayers should file by July 15 tax deadline; automatic extension to Oct. 15 available

The big difference between having IRS just push the Tax Day to October 15 versus us filing the 4868, is when any expected tax balances need to be submitted to IRS and the States.  IRS pushing Tax Day to 10/15 would have meant that no form would need to be filed by July 15 and no money would have to be sent in until Oct 15.

I had actually been expecting the additional delay, not just for the hassles of getting everything together to prepare 2019 tax returns by July 15, but also for the fact that allowing people to hold onto their 2019 and 2020 tax payments until October 15 would have been a much more efficient method of providing economic stimulus money to people than the previous method was.  Of course, this is SOP for government operations, to choose the least efficient method of doing things

Most State tax agencies have been piggy-backing on the IRS deadline, so extensions should be filed with them as well. Check your states’ websites to be better informed.  As of today, I notice that the AICPA’s chart of State tax filing dates hasn’t been updated since 6/18/20.  Hopefully, that will be amended soon to take into account the various States’ conformity or not with IRS’s declaration.

I am a little disappointed that Tax Day wasn’t moved until later, but I am grateful that at least IRS didn’t wait until July 14 to spring this announcement on us.  That gives us two weeks to do rough calculations of 2019 taxes and prepare the extension forms.

Posted in extensions, TaxDay | Comments Off on Tax Day Remains July 15–File Extensions For More Time