Hello everyone. This is my first year as a tax preparer. It's been going pretty well. I have a question for those that are more experienced. What is your take on e-filing taxes on the last day (this year April 15th). I have a colleague at my work that says for the past years, after 1 pm, they no longer e-file returns and everything is mailed or they ask the taxpayer to mail them. He says his reasoning behind it, is for possible rejections? I kind of understand that, but how do you all go about filing tax returns literally on the last hours of the last tax day? Thanks.
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Your friend is not correct! I efile till 11 pm some years on 4/15. There is a 5 day cure period for rejections that is past 4/15. I discourage paper filing unless the return MUST be e-filed as per IRS regulations.Originally posted by mvp2885 View PostTaxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR -
Thanks!! I thought he was wrong, do you have a reference to that so I can prove him wrongOriginally posted by ATSMAN View Post
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Besides the fact he is mandated to efile EVERY return if he files more then 10. Regardless of the date. What happens to him if the paper return he files is wrong? Terrible decision to paper file if you dont have to.Originally posted by mvp2885 View Post
Thanks!! I thought he was wrong, do you have a reference to that so I can prove him wrong
ChrisComment
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Right! Do you agree with ATSMAN that the IRS allows a 5 day grace period. We use Proseries workstation. I will discuss with the manager, I knew something wasn't right.Originally posted by spanel View PostComment
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Yes, you get 5 days to fix a reject to be still considered timely filed.
ChrisComment
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Not only that, but you can continue to e-file for the rest of the year up to the date the IRS takes it off-line (usually in late November). And you can e-file any extensions as well by April 15. So there is no reason to require a TP to mail any return unless it cannot be e-filed for another reason. (1040X for example.) Refer to Pub 1345, page 25 for specific details regarding this. (Which actually says 10 days, not 5).Last edited by Burke; 04-04-2019, 09:56 AM.Comment
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To the OP: I am not sure what procedures are used in your shop BUT I make sure all April filers are made aware that if I call or e-mail that there is an issue with their return, they MUST act ASAP to give me the information that I need to cure the rejection. I have found over the years that missing 1095-A is a problem in our area. Though it does not automatically trigger a reject it becomes a problem once taxpayer received the IRS letter that their refunds are held back. In a nutshell taxpayers need to realize the "sense of urgency" if they choose to file this close to deadline. I hope your fees reflect the added aggravation!Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDRComment
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The states have their own timeframe to fix rejects, often shorter than the federal. Make sure you know what it is for every state you file.Comment
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The irs computers go down almost every year on the 14th or 15th. I try to avoid efiling those days. I actually try to avoid filing returns the first two weeks of April and just file extensions.
The irs requires efiling unless the client signed off that they don't want to. Paper filing because it's last minute isn't an irs approved reason to paper file."Taxation is the price we pay for failing to build a civilized society." ~ Mark SkousenComment
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Business returns have a 10 day "perfection" period for rejected returns, Individual returns have a 5 day "perfection" period to e-file (10 days for paper filing).
https://www.irs.gov/irm/part3/irm_03...40053369959744
With that being said, my rule is that if it is not ready to file by 10th, an extension is filed. I won't be held responsible for a late return if my power goes out or some other problem like that.Comment
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