Revised Statutory Automatic Extensions
Patient Protection and Affordable Care Act (PPACA) exchange users who are missing accurate Form 1095-A notices should file requests for automatic extensions
, on Form 4868, by April 15.
Final regulations set the time for automatic extensions
of partnership, trust and estate income tax returns at five months (TD 9531).
The agreement will run in 2010 with automatic extensions
for additional periods, unless terminated by either party, Ignis added.
These automatic extensions
are available only if the taxpayer takes corrective action during the extension period.
In addition, the initiative calls for more efficient use of Form 5701 for proposing audit adjustments and eliminates automatic extensions
of time for taxpayers to respond to 30-day letters.
James lauded the state legislature for passing what we called "key legislative actions" to support the construction industry, such as the Economic Recovery Fund Act, which earmarks $200 million for construction, and the Permit Extension Act, which provides automatic extensions
for many contractors who could not build as a result of the recession.
: The regulations also provide simplified procedures for taxpayers to obtain automatic extensions
of time to file certain returns and remove the signature requirement and the requirement for an explanation of the need for the extension.
for Information and Exempt Organization Returns
Form 8633 requires the firm to select from the available e-file-provider options such as e-filing automatic extensions
, participating in the federal/ state program and others.
The forum was devoted to a discussion of "administrat such as (1) differential interest rates and statute of limitations, (2) automatic extensions
of time dates, (3) uniform protest periods and administrative appeals procedures, (4) state-imposed audit fe audits, and (5) automatic assertion of penalties.