IRS Delays April 15 Tax Filing Deadline (The Fiscal Times)

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    IRS Delays April 15 Tax Filing Deadline – By Yuval Rosenberg (The Fiscal Times) / Mar 17 2021

    Tax day is getting delayed.

    Facing a huge backlog of unprocessed tax returns and growing calls from accountants and lawmakers to extend this year’s filing period given the changes to the tax code in President Biden’s Covid relief plan, the Internal Revenue Service is pushing back the April 15 deadline to May 17.

    “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities,” IRS Commissioner Chuck Rettig. Said in announcing the delay “Even with the new deadline, we urge taxpayers to consider filing as soon as possible, especially those who are owed refunds.”

    Lawmakers of both parties had pressed the agency to extend the deadline after the $1.9 trillion American Rescue Plan was passed earlier this month, requiring tax preparers to update their systems and tasking the IRS with sending out another round of relief payments even as it processes annual returns.

    CONTINUE > https://www.thefiscaltimes.com/2021/03/17/IRS-Delays-April-15-Tax-Filing-Deadline

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