Lawmakers Ask IRS To Extend Tax Season
Democrats on the House Ways and Means Committee are urging the IRS to again extend tax season beyond April 15 to July 15 to give taxpayers an additional three months to file.
Lawmakers on the tax-writing committee in Congress wrote a letter to IRS Commissioner Charles Rettig last Thursday to make the request, citing what happened last year in the early months of the COVID-19 pandemic as Congress and the IRS moved to provide relief to taxpayers to deal with the pandemic.
Many individuals are still coping with challenges of the pandemic, and in addition, tax provisions contained in last year’s stimulus packages including the CARES Act and the Families First Coronavirus Response Act have presented changes for filing this year.
The IRS delayed the start of tax season this year by about three weeks until last Friday, 2/12 in order to distribute the second round of Economic Impact Payments authorized by Congress in December.
The IRS has been asked to make an announcement as soon as possible to eliminate unnecessary anxiety for both taxpayers and tax practitioners.
We will continue to monitor this situation for any changes, and will keep you informed as soon as a decision regarding the deadline has been announced.
SOURCE: Accounting Today