What happens when a tax return is mailed on the due date (such as today for S-corp extensions) and the client fails to sign the return? Does the IRS send back the return for signature and reject being filed on time OR does the IRS consider the return filed on time but simply return the paperwork to the client for signature? Thanks.
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I am certain that the return will be sent back as I have seen this happen once or twice over the years. As for the timely filed or not I am not sure. I think it will be considered late but that is a pure guess. -
I don't recall if this happened with corp returns, payroll returns, or individual, but I've seen returns sent back to the taxpayer with a specially-marked cover sheet saying that if they will sign and return the form within 10 days it will be considered timely.
Problem is, I wouldn't count on that given the new $85 per per month per shareholder penalty situation for S-corps. We're blazing new ground with this new penalty."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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they will send a letter with a spot for a signature on it that takes the place of the signature on the tax return.Comment
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And a note to the effect that e-filing the return would have prevented the problem, solved global warming, and brought peace to the middle east.Originally posted by tax info man View PostComment
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True, but they aren't taking into account all those wasted electrons..."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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