IRS Plans to Delay Tax Deadline to Mid-May After Chaotic Year
Source: Bloomberg
The Internal Revenue Service is planning to delay the April 15 tax filing deadline by about one month, giving taxpayers additional time to file returns and pay any outstanding levies, according to three people familiar with the discussions.
The agency is still figuring out what the final deadline will be, but it will likely be mid-May, according to the people who were not authorized to speak publicly because the decision had not been finalized.
The IRS and Treasury did not immediately respond to requests to comment on the delay.
The filing extension would give taxpayers additional breathing room to meet their tax obligations in what is becoming one of the most complicated tax seasons in decades. The change would come after calls from accountants and leaders in Congress to delay the due date as new legislation and pandemic-related work changes disrupt taxpayer plans.
Read more: https://www.bloomberg.com/news/articles/2021-03-17/irs-plans-to-delay-tax-deadline-to-mid-may-after-chaotic-year?utm_campaign=socialflow-organic&utm_content=politics&cmpid%3D=socialflow-twitter-politics&utm_source=twitter&utm_medium=social
PoliticAverse
(26,366 posts)bahboo
(16,346 posts)soothsayer
(38,601 posts)FailureToCommunicate
(14,014 posts)even open the (HR Block) tax software this year. What fun.
nitpicker
(7,153 posts)(snip)
Charles Rettig, I.R.S. commissioner, will testify before Congress on Thursday about the 2021 filing season.
nitpicker
(7,153 posts)OVERSIGHT SUBCOMMITTEE HEARING WITH THE IRS COMMISSIONER ON THE 2021 FILING SEASON
Date: Thursday, March 18, 2021 - 2:00pm