The American Institute of CPAs has asked the Internal Revenue Service to extend this year’s tax filing and payment deadlines until June 15. This follows a letter earlier this week in which the AICPA urged the IRS and Treasury Department to give adequate notice of any postponements.
“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 organization wrote.
Previously, the AICPA asked for fee relief and deadline clarification These are among a series of letters from the AICPA to the IRS during the COVID-19 pandemic urging action or communication about needed steps.
The AICPA has called for the following actions: *Financial relief from underpayment and late payment fees; *A halt to automatic collection activities *An expansion of the existing temporary e-signature relief.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
