July 06, 2005

Not All Postmarks Are Created Equal

Don't miss RothCPA.com's commentary on this recent Tax Court case: Grossman v. Commissioner. Excerpt:

The tax law has a "timely-mailed, timely-filed" rule. If an item is postmarked by a filing deadline, the postmarked date is the filing date, even if it is received later than the filing date.

Not all postmarks are created equal. A hand-stamped postmark received at the post-office -- like the one in the above picture -- is golden. An office postage meter isn't nearly as convincing, for obvious reasons. And there lies Mr. Grossman's problem. . .

Posted by B. Janell Grenier at July 6, 2005 10:47 AM