Do I need to provide a reason when filing Form 15397?

Yes. When submitting Form 15397, you must provide a valid reason explaining why you need additional time to furnish recipient statements. The IRS reviews these requests and grants the extension only when the reason meets their criteria.

Common acceptable reasons may include events beyond your control, such as system issues, natural disasters, or delays in receiving required information. Simply needing more time without a qualifying reason may result in the request being denied.