AICPA Calls on Treasury, IRS to Push Tax Deadline to June 15

WASHINGTON, D.C. – The American Institute of CPAs has called on the Department of the Treasury and the Internal Revenue Service to extend the deadline for the 2020 tax year to June 15.

Last year, the IRS pushed back the filing and payment deadline to the same date, citing challenges brought by the coronavirus pandemic. Such challenges still exists, the association said, and some taxpayers are still working to resolve issues on their 2019 returns due the IRS’ backlog.

“In the current environment, it is simply not possible for many taxpayers and their tax advisers to meet their filing and payment obligations that are due on April 15,” the AICPA’s letter said.

Thursday’s letter follows another sent in February where the association called for relief from underpayment and late payment penalties for the 2020 tax year, saying that “millions of taxpayers and tax practitioners are … making good faith efforts to comply with their tax obligations.”

“The effect of numerous legislative changes overloading tax busy season compels us to speak up now,” said AICPA vice president of taxation Edward Karl in a statement. “We understand that there are some challenges associated with extending the payment and filing deadlines. However, time is a critical factor. Taxpayers and tax professionals need this postponement, and they need to have certainty about the filing date now.”

Copyright 2021 The Business Journal, Youngstown, Ohio.