Retirement tax questions


@macuser_22 wrote:

@cats0413 wrote:

I am definitely not asking for anyone to wade through legislation...it still needs to go through the Senate and President and it seems that they want to move quickly. Just wanted to know off-hand for people that follow these things.


If it passes and the President signs it into law then allow 2-4 months for the IRS to design or modify forms to include it assuming that it would even be retroactive to 2020.

 

The 2020 COVID relieve 8915-E form for the 2020 disaster  is still in the draft state at the IRS and we don't even have an estimate when  that form will be ready.


God help us all if any of it is retroactive to 2020.

 

The customer here is asking for an extension, that at least would not screw up millions of already-filed tax returns.