Level 15

April 15 Postponed: About To Happen

Forum|Forum|5 years ago
March 17, 2021
5 replies
8 views

Bloomberg reports:

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.

This topic has been closed for replies.

IRonMaN

Level 15

"according to the people who were not authorized to speak publicly"

That makes it sound authoritative 😳

Slava Ukraini!

rbynaker

Level 13

@IRonMaN wrote:

"according to the people who were not authorized to speak publicly"

That makes it sound authoritative 😳

Or a sting operation. "We know we have a leak, we've narrowed it down to these three possible individuals. Tell Adam that we're talking about extending to 7/15, tell Brendon 6/15 and tell Charlie 5/15. Whatever shows up in the news, that's our leak!" Sorry Charlie.

P

PamC

Level 6

Dang! You beat me to the post!

I've thought May 15th should be a permanent change since brokerages were allowed to issue 1099s between 2/15 - 3/15.

C

CUSO

Level 4

That is a really good point!

dkh

Level 15

Thank you @BobKamman can always count on you to have the latest IRS newsbreaks.

sjrcpa

Level 15

From Law360

March 17, 2021, 3:37 PM EDT

The IRS will push back the tax return filing deadline to May 17 from April 15 after being pressured for a delay because of the pandemic and the new $1.9 trillion relief law, two top House tax writers said Wednesday.

The one-month extension was announced by House Ways and Means Committee Chairman Richard Neal, D-Mass., and Oversight Subcommittee Chairman Bill Pascrell Jr., D-N.J. They said the delay was needed to give the public and practitioners more time to file tax returns due to hardships caused by the coronavirus pandemic and tax changes in the recently passed pandemic relief legislation.

The Internal Revenue Service and U.S. Department of the Treasury did not immediately confirm the delay.

"This extension is absolutely necessary to give Americans some needed flexibility in a time of unprecedented crisis," Neal and Pascrell said in a statement.

In January, IRS Commissioner Chuck Rettig said there were no plans to push the tax filing and payment deadlines beyond April 15 despite multiple requests by lawmakers and industry groups.

Representatives from Neal's and Pascrell's offices did not immediately respond to requests for comment.

The more I know the more I don’t know.

rbynaker

Level 13

Sounds like politics as usual. Maybe they got this idea from a TV show. Leak information to the press and the IRS will have to comply. Hey, at least they tried asking nicely first.

BobKammanAuthor

Level 15

"The relief does not apply to the first-quarter 2021 estimated tax payments that many small business owners owe, however, the agency said. Those payments are still due on April 15. The IRS said it plans to issue more guidance in the coming days."

Gee. Thanks.