Attorney-at-Law

FORMLESS, BUT NOT LOST

In Uncategorized on 03/21/2013 at 16:16

Nothing exciting out of Tax Court today, 3/21/13, but IRS has formally stated that those taxpayers, whose forms for the 2012 filing season were delayed due to the recent Congressional impasse, who timely pay in good faith based on best available information, will get some relief.

Filing dates cannot be extended past six months for in-country taxpayers, but they will get a bye on Section 6651(a)(2) late-payment penalty for any shortfall in what they paid if they estimated in good faith and needed to file one of the delayed forms. For further details, see Notice 2013-24, which lists the impacted forms.

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