IRS Releases Guidance On CCH Outage
During the September 15 tax deadline CCH experienced a widespread outage preventing many from completing necessary steps to make the deadline. The IRS has released guidance stating, "On September 1, 2020, the IRS updated its procedures on the application of IRC section 7502, Timely mailing treated as timely filing and paying to electronically filed returns, in Internal Revenue Manual (IRM) 20.1.2.2.1.2. The update states that e-filed returns will be considered timely filed if the return: (1) was transmitted via an authorized Electronic Return Transmitter, (2) with a timely electronic post mark; and (3) received by IRS in processable form."
The statement released also says the IRS will treat returns and elections filed by September 17, 2020 as timely.
For the full release, please click here.