• Schoelles and Associates

Congress Asks IRS For Update As Rumors Fly About Extending The Tax Filing Deadline

Will they or won't they? That's the question on the minds of many taxpayers as rumors swirl about a potential extension of the tax filing season.

Sometimes rumors are just a mix of speculation and whisper down the lane. But this one really does have some basis in fact: Members of the House Ways and Means Committee sent a letter to Internal Revenue Service (IRS) Commissioner Charles Rettig asking for an update about how the coronavirus is affecting the tax return filing season.

The letter, which was signed by 16 committee members, noted that "Specifically, we are concerned about the ability of the IRS to provide taxpayer assistance and process returns, as well as the ability of taxpayers, free tax preparation sites, and tax professionals to meet the filing deadline."

The letter went on to ask for a "continued evaluation of whether there is any need to extend the tax filing season this year beyond the April 15th deadline." The committee members also noted that the IRS has...

Read the full story here.

Story courtesy of Forbes

March 11, 2020

by Kelly Phillips Erb - Senior Contributor

Recent Posts

See All

ERC Changes 2021

Excerpt courtesy of RIPFLI Gregory Butler, CPA As noted above, the ERC was set to expire on December 30, 2020. The CAA extended the ERC for wages paid from January 1, 2021, through June 30, 2021.

Employee Retention Credit

Courtesy of IRS The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March


439 SW Range Avenue

Madison, Florida  32340

  • Black Facebook Icon
  • Black LinkedIn Icon
  • Black YouTube Icon

© 2019-2020 by Schoelles & Associates, Inc.

Web Design by Cindy Vees & Associates, Inc