(PatriotHeadline.com)- The Internal Revenue Service is facing fresh calls to once again extend this year’s tax deadlines, after the agency finally buckled to overwhelming pressure and delayed it by one month.
After politicians from both sides of the aisle called on the IRS to give Americans more time to file their taxes and make payments, the IRS offered a mere one month delay, but campaign groups are insisting that it should be extended to at least June 15.
The National Conference of CPA Practitioners this week published an open letter encouraging the IRS to extend the date once more, arguing that the guidance offered by the agency doesn’t benefit everybody. The organization also said that it “fails to recognize the real-world stresses of the past year that have been imposed on taxpayers, small businesses and tax practitioners.”
With millions of Americans out of work because of lockdown measures imposed by the government, how can the White House and the IRS expect people to be able to afford to pay their taxes, let alone have the time to file them?
“At this time, in the strongest possible terms, we request that they reconsider this recommendation — not just for the personal income tax returns, but for ALL returns and payments that would be due April 15,” the organization writes.
The issue with the new guidance is that it is confusing and doesn’t apply to all Americans. IRS Commissioner Charles Rettig noted in an official announcement that the agency encourages all taxpayers to “consider filing as soon as possible,” with that message directed especially to anybody who is owed a refund.
“Filing electronically with direct deposit is the quickest way to get refunds, and it can help some taxpayers more quickly receive any remaining stimulus payments they may be entitled to,” he added, in what appeared to be an effort to tempt people to file more quickly to get the government stimulus check.
The IRS also warned that penalties and interest will begin to accrue on any remaining unpaid balances from May 17 this year and that the extension doesn’t apply to trust income tax returns or estate tax returns.
Barry Melancon, the CEO and president of AICPA, said that they appreciate the IRS’ recognition that postponing filing is necessary, but that the announcement is “far too selective in who is receiving relief.”
The IRS caved once, but can they afford to cave again? Under the Biden administration, some $1.9 trillion in public money was just spent on a COVID relief package that bails out Democrat-run states and cities, and a new report from Axios has revealed that Biden is planning on spending as much as $5 billion radically transforming the country over the next four years.
That money’s got to come from somewhere.