The IRS makes a major change in the computation of excludable ARPA unemployment, the PPP application deadline is extended, and PPE is defined as medical care.
Internal Revenue Service
Ed Zollars discusses the IRS' decision to push back the filing date for Forms 1040 only, leaving everything else, including Q1 2021 estimates, still due on April 15.
The Treasury and IRS announced Wednesday that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Click to read the full release.
The FICPA has joined the AICPA in calling for the IRS to extend the April 15 tax-filing deadline to June 15. This week, the FICPA asked members of Congress to contact the Treasury Department and IRS and voice their support for extending the deadline.
In the latest edition of his "Federal Tax Update," Ed Zollars addresses the recent calls for the IRS to once again extend the April 15 tax deadline, just as it did in 2020.
The FICPA Federal Taxation Committee on Tuesday submitted a letter to Internal Revenue Service commissioner Charles Rettig, highlighting the ongoing challenges practitioners are encountering when communicating with the agency.