The Form 8938 Due Date Defect

By Gary W. Carter, PhD, MT, CPA | March 20, 2025

Original article printed in Tax Notes Federal on February 10, 2025. See The Form 8938 Due Date Defect 2-10-25.  Introduction to the Form 8938 Defect This article exposes a flaw in section 6038D of Form 8938 that makes the penalties for failure to file under section 6038D(d) ineffective, and it calls on the commissioner to…

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IRS Grants Tax Extension To Hurricane Debby Victims

By Gary W. Carter, PhD, MT, CPA | September 29, 2024

In early August 2024, Hurricane Debby struck the Southeastern U.S. coast, causing mass flooding and severe weather conditions. Due to this, the IRS has issued a tax extension to all those in the affected areas. The tax relief postpones various tax filing and payment deadlines that occurred beginning on Aug. 1, 2024 in Florida, Aug.…

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