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The MSEA Newsletter is published monthly and is available to all members of Mission Society of Enrolled Agents..

Current Issue - June 2008

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Special News Items:

New Form 4868 Planned to Provide a 6-Month Extension Period

A draft of the revised IRS Form 4868 is now available on IRS.gov. This revision will give taxpayers a 6-month extension without the need to file an intervening form. For Tax Year 2004, a taxpayer filing a Form 4868 had until Aug. 15 to file the return. The taxpayer needed to file Form 2688 to get an additional 2 months and had to supply a reason for needing the additional time. Provided the necessary regulations are approved taxpayers will be able to use the revised form for Tax Year 2005. It is estimated that this change may save 9 million hours.

 

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