![]() AICPA said "it is simply not possible for many taxpayers and their tax advisers" to meet their obligations by April 15. It also follows a similar call from the American Institute of CPAs, which sent a letter to the IRS last week requesting a postponement. The Ways and Means statement is notable because its Oversight Subcommittee, of which Pascrell is chairman, oversees the IRS. Then again, consumers can't be overlooked, either. "The service wants to respect the normal deadline and keep its work in proper sequencing," Everson, now the vice chairman of alliantgroup, says. As it stands, the IRS doesn't even have enough customer service reps to answer all the incoming calls it gets. Moving the deadline again - while IRS employees are still dealing with a backlog of paper returns from 2020 - could complicate matters and overwhelm the agency. But the agency's main duty is to handle taxes. ![]() Everson, who served as IRS commissioner from 2003 to 2007, says the IRS has done a great job sending out millions of stimulus payments so far. Not only does it change the rules around unemployment benefits on people's 2020 taxes, but it also approves a third round of stimulus checks - which the IRS is responsible for distributing. The situation is only going to get more complicated now that the American Rescue Plan has been signed into law. They went on to say that although a lot of time has passed since the pandemic began stateside, taxpayers "continue to face the same health and economic challenges that necessitated an extension" last year. Hawaii Alaska Florida South Carolina Georgia Alabama North Carolina Tennessee RI Rhode Island CT Connecticut MA Massachusetts Maine NH New Hampshire VT Vermont New York NJ New Jersey DE Delaware MD Maryland West Virginia Ohio Michigan Arizona Nevada Utah Colorado New Mexico South Dakota Iowa Indiana Illinois Minnesota Wisconsin Missouri Louisiana Virginia DC Washington DC Idaho California North Dakota Washington Oregon Montana Wyoming Nebraska Kansas Oklahoma Pennsylvania Kentucky Mississippi Arkansas Texas Get Started "Facing enormous strain and anxiety, taxpayers need flexibility now." "We stand in the midst of the most important tax filing season in recent memory, and taxpayers cannot get the help they need from the IRS," the Democrats said in a statement. Bill Pascrell on Monday to demand the IRS delay Tax Day. Richard Neal, the chairman of the House Ways and Committee, teamed up with Rep. ![]() Now, people want the 2021 deadline to be extended, too. The issue is that in 2020, the IRS moved the date to July 15 due to the coronavirus outbreak. The federal income tax filing deadline is set, as it more or less has been since 1955, for April 15. With tax season in full swing and a new round of stimulus checks on deck, a growing chorus of legislators and industry leaders is pushing the IRS to postpone Tax Day for the second year in a row. ![]() "This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities," IRS Commissioner Chuck Rettig said in a news release. UPDATE: The IRS announced Wednesday that the federal filing deadline has been moved to May 17. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |