@lainie13 wrote:
So basically everyone will have to amend their returns, or get a penalty because you didn't file on time.
No, not necessarily, since we do not know how the IRS will implement it until they write the rules.
If you file for an extension, then you have until Oct 15 to file, but if you owe additional tax, that must be paid by Apr 15. If you are getting a refund then then is no penalty reguardless of when you file.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
