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...
Story courtesy of Forbes
March 11, 2020
by Kelly Phillips Erb - Senior Contributor