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Call to action: AICPA pushes for June 15 deadline

The AICPA has issued a call to action, encouraging its members to reach out to their elected officials in support of a June 15 filing deadline for all taxpayers.

The IRS and Treasury Department this past Wednesday announced a limited extension to May 17, one that did not cover taxpayers who make estimated quarterly payments.

The AICPA asks that you "please email your U.S. Representative and both Senators today to share your concerns in your own words – and ask your impacted small business clients to reach out and tell their stories, too. You can find your Representative’s and Senators’ contact information at www.congress.gov/members."

You can also find a pre-written form letter drafted by the AICPA below:

 

Dear Representative/Senator NAME:

Congress must act immediately to help taxpayers and ask the IRS to move all tax payment and filing deadlines to June 15th.

Unfortunately, the IRS’ recent announcement that it would extend the tax filing and payment deadline from April 15th to May 17th benefits some – but not all – taxpayers for the 2021 tax season.

While we appreciate the IRS’ recognition that a filing deadline postponement is indeed necessary, the announcement is far too selective in who is receiving relief. In fact, the taxpayers who are most likely to benefit from this additional time are those who are able to meet the original filing deadline.

The IRS’ failure to include estimated payments in its decision hurts taxpayers because so much tax return work has to be done to calculate estimated payments. More than 9.5 million individual returns filed for the 2018 tax year included estimated payments. The IRS’ selective decision unfortunately creates more bureaucracy and confusion and is out of sync with the real-world stresses faced by taxpayers, tax practitioners and small businesses.

The benefits of extending the payment and filing deadline to June 15th for all taxpayers are many. Doing so would ease the impact of the pandemic on taxpayers – especially small businesses – and the tax practitioners who advise them.

Thank you for your work to guide the country through these difficult days.

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