Lee B Posted March 5, 2021 Report Share Posted March 5, 2021 "The AICPA on Thursday sent a letter to IRS Commissioner Charles Rettig and Acting Assistant Secretary Mark Mazur urgently asking for the deadlines for filing all 2020 federal income tax and information returns and for making payments to be extended from April 15 to June 15, 2021, in response to a number of issues that make it impossible for many taxpayers to meet the April 15 deadline. The letter follows up on the AICPA’s earlier request for tax deadline certainty. Among the many reasons the AICPA stated that a postponement is needed are the delay of the start of the filing season until Feb. 12, a second round of Paycheck Protection Program loans, and changes to the employee retention credit. In addition, continued stay-at-home orders make it difficult to access taxpayer data, particularly among certain populations such as the elderly, and the IRS continues to be short of staff due to the COVID-19 pandemic. In the letter, the AICPA “urgently request[s] that the 2020 Federal income tax, information returns, and payments (e.g., extension and estimated payments) originally due April 15, 2021 be granted additional time to file and pay until June 15, 2021." 3 Quote Link to comment Share on other sites More sharing options...
Pacun Posted March 5, 2021 Report Share Posted March 5, 2021 $100 bet that regardless of letters, the deadline will be extended. 2 Quote Link to comment Share on other sites More sharing options...
Bart Posted March 5, 2021 Report Share Posted March 5, 2021 I will take that bet Pacun 1 1 Quote Link to comment Share on other sites More sharing options...
Possi Posted March 5, 2021 Report Share Posted March 5, 2021 I'll raise you a glass.... oh wait... different bet... 2 4 Quote Link to comment Share on other sites More sharing options...
Yardley CPA Posted March 5, 2021 Report Share Posted March 5, 2021 It would be nice if they make a decision and announce it soon. If they are going to extend, why the wait to announce it? Let the nation know and it would certainly help the tax preparers with their plans for the next month and beyond. 5 Quote Link to comment Share on other sites More sharing options...
Pacun Posted March 5, 2021 Report Share Posted March 5, 2021 I am going to my other country during the "holy week". I will be there for 11 days with the expectation that it will be extended. If it is not extended, I will work extra hours after my vacation. 1 Quote Link to comment Share on other sites More sharing options...
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