NEWS
BYTES
July 1999
Editor:
Scott Gottlieb, CPA
Assistant editor: Susan A. Maffetone, CPA
This
is an important update from the IRS
- Please read carefully
06/24/99
Problem:
Due to a contractor production error, some Estimated Tax Vouchers
(Forms 1040-ES) have incorrect due dates for the 2nd and 4th
quarter payments. The due date of June 16, 1999, should have
been June 15, and the due date of Jan. 15, 2000, should be January
18. (Jan. 15, 2000, falls on a Saturday and the following Monday
is the Martin Luther King holiday, moving the payment due date
to Tuesday, Jan.18.)
Who's
affected: About 2.2 million taxpayers received these misprinted
1040-ES packages in late May. The error did not occur in the
18 million 1040-ES packages mailed out near the beginning of
this year.
What
IRS is doing about the problem: The vendor has corrected
the problem for the next mailing segment in August and the IRS
has made program changes to ensure accurate voucher due dates
in the future. The IRS will credit payments from affected taxpayers
postmarked June 16, 1999, as having been made timely. IRS customer
service personnel have information to help taxpayers who may
call about the matter.
What
affected taxpayers should do: Taxpayers should use the vouchers
they received, despite the incorrect due dates. Taxpayers have
until Jan. 18, 2000, to make a timely 4th quarter estimated
tax payment.
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