Can I get a second extension? (Fed and NYS...)

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Subject Author Date Can I get a second extension? (Fed and NYS...) Kevin 07-06-2009  Re: Can I get a second extension? (Fed and NYS...... Mark Bole 07-06-2009  Re: Can I get a second extension? (Fed and NYS...... Arthur Kamlet 07-06-2009  Re: Can I get a second extension? (Fed and NYS...... Alan 07-06-2009  Re: Can I get a second extension? (Fed and NYS...... Arthur Kamlet 07-06-2009  Re: Can I get a second extension? (Fed and NYS...... Mark Bole 07-06-2009  Re: Can I get a second extension? (Fed and NYS...... dpb 07-06-2009  Re: Can I get a second extension? (Fed and NYS...) Bill Brown 07-07-2009  Re: Can I get a second extension? (Fed and NYS...... Kevin 07-07-2009
Posted by Kevin on July 6, 2009, 2:31 pm Please log in for more thread options There is an open issue and I can't file until I resolve it. It doesn't seem like it will be settled anytime soon. I will get a small refund, both Federal and NYS, no matter what happens. Can I get a second extension? I can file and then file an ammended return as needed, but I have heard that significantly increases your audit chances. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Mark Bole on July 6, 2009, 3:08 pm Please log in for more thread options Kevin wrote: > There is an open issue and I can't file until I resolve it. It doesn't seem > like it will be settled anytime soon. You're the same Kevin with the questions about the installment sale from a month or two ago, right? I'm still trying to figure out if what you mean by "escrow" is the same thing as what I mean... ;-) > I will get a small refund, both Federal and NYS, no matter what happens. > Can I get a second extension? No. > I can file and then file an ammended return as needed, but I have heard that > significantly increases your audit chances. Probably no more so than filing late... but I'm not sure "what you heard" is true or relevant. There are always some audits that are conducted purely at random, so your best bet is to have good record-keeping. -Mark Bole -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Arthur Kamlet on July 6, 2009, 3:33 pm Please log in for more thread options >Kevin wrote: > >> I will get a small refund, both Federal and NYS, no matter what happens. >> Can I get a second extension? > >No. > > >> I can file and then file an ammended return as needed, but I have heard that >> significantly increases your audit chances. > >Probably no more so than filing late... but I'm not sure "what you >heard" is true or relevant. There are always some audits that are >conducted purely at random, so your best bet is to have good record-keeping. On the one hand, every amended return is looked at by a real, live tax-knowldgeable IRS employee, so in that regard, the return will be scrutinized more. But an audit is merely a verificaion that what has been reported is correct. Yes, it can cause work to be done, but I don't believe fear of audit should stop taxpayers from claiming their correct income, deductions and credits. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Alan on July 6, 2009, 3:53 pm Please log in for more thread options Arthur Kamlet wrote: >> Kevin wrote: >> >>> I will get a small refund, both Federal and NYS, no matter what happens. >>> Can I get a second extension? >> No. >> >> >>> I can file and then file an ammended return as needed, but I have heard that >>> significantly increases your audit chances. >> Probably no more so than filing late... but I'm not sure "what you >> heard" is true or relevant. There are always some audits that are >> conducted purely at random, so your best bet is to have good record-keeping. > > > On the one hand, every amended return is looked at by a real, live > tax-knowldgeable IRS employee, so in that regard, the return will > be scrutinized more. > > > But an audit is merely a verificaion that what has been reported is > correct. Yes, it can cause work to be done, but I don't believe > fear of audit should stop taxpayers from claiming their correct > income, deductions and credits. I'm taken by your use of the term: "real, live tax-knowldgeable (sic) IRS employee". It evokes an image of having one's tax return reviewed by someone other than the person you describe: Such as a dead person, who is impersonating an IRS employee who knows nothing about taxes. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Arthur Kamlet on July 6, 2009, 4:11 pm Please log in for more thread options >Arthur Kamlet wrote: >>> Kevin wrote: >>> >>>> I will get a small refund, both Federal and NYS, no matter what happens. >>>> Can I get a second extension? >>> No. >>> >>> >>>> I can file and then file an ammended return as needed, but I have >heard that >>>> significantly increases your audit chances. >>> Probably no more so than filing late... but I'm not sure "what you >>> heard" is true or relevant. There are always some audits that are >>> conducted purely at random, so your best bet is to have good record-keeping. >> >> >> On the one hand, every amended return is looked at by a real, live >> tax-knowldgeable IRS employee, so in that regard, the return will >> be scrutinized more. >> >> >> But an audit is merely a verificaion that what has been reported is >> correct. Yes, it can cause work to be done, but I don't believe >> fear of audit should stop taxpayers from claiming their correct >> income, deductions and credits. >I'm taken by your use of the term: "real, live tax-knowldgeable >(sic) IRS employee". It evokes an image of having one's tax >return reviewed by someone other than the person you describe: >Such as a dead person, who is impersonating an IRS employee who >knows nothing about taxes. OK. I was trying to distinguish between computer-processed returns, not seen by any tax employee, and also to distinguish a tax person from a data entry clerk. A 1040X is seen by someone with tax knowledge, and is not merely fed through a computer. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted How to get an extension ? March 7, 2007, 4:49 am California LLC Tax Extension and Estimated Tax April 10, 2008, 8:39 pm Hi all, How to estimate Tax liability for tax extension? April 14, 2008, 10:47 am Extension for federal taxes April 23, 2006, 2:02 am 4868 extension now 6 Months? August 11, 2008, 12:25 pm Filing extension gets lost? 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