NSA Sends Letter to IRS, Treasury Regarding Postponement of 2021 Tax Filing Season Deadlines

  

FOR IMMEDIATE RELEASE

Contact: Erica Ryder
Communications Coordinator
eryder@nsacct.org
703-549-6400 ext. 1330


NSA Sends Letter to IRS, Treasury Regarding Postponement of 2021 Tax Filing Season Deadlines

Alexandria, VA, March 10, 2021 — NSA sent a letter to the IRS and Treasury voicing concerns raised by NSA members regarding the postponement of this year’s tax filing season deadlines.

For the IRS to successfully serve taxpayers and communicate with the tax practitioner community, NSA recommends that all filings, payments, and returns due March 1 through June 15 of this year have both a retroactive and extended due date of June 15, 2021.

NSA cited the following concerns surrounding the ability of both the IRS and tax practitioners to successfully operate during the 2021 tax filing season:

  • The renewed mail backlog and ongoing delay in processing 2019 tax returns and related taxpayer correspondence regarding matters pertaining to last year’s filing season;
  • The consistently changing rules and interplay of important COVID-19 related relief efforts such as the Paycheck Protection Program, Economic Injury Disaster Loan (EIDL) program, and the Employee Retention Credit (ERC), have all significantly heightened small business’ needs of practitioners’ time and assistance;
  • Practitioners are unable to meet the unprecedently high demand of individual and small business taxpayers needing help with their 2020 tax year filings. Consequently, our members report that they are turning away taxpayers’ requests for help and service every day;
  • The delayed February 12, 2021, filing season start date, coupled with continuing uncertainties surrounding tax law changes made under the Consolidated Appropriations Act, 2021 (P.L. 116-260), could result in compromised return preparation, rejections, taxpayer penalties and fees, and subsequent taxpayer correspondence all leading to expenditure of the IRS’s already strained resources; and
  • Senate-approved legislation pending in the House that, if enacted, would cause several tax-related changes, including a retroactive change in the tax treatment of unemployment insurance benefits. The retroactive exemption from income of the first $10,200 of these benefits would require numerous hours of revising and amending already completed or filed 2020 returns.

 

Download and read NSA’s letter to the IRS and Treasury here.

 

 

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NSA represents members who provide accounting, auditing, tax preparation, financial and estate planning, and management services to thousands of individuals and business clients across the nation. Most members are sole practitioners or partners in small- to medium- size accounting firms. For more information, visit www.nsacct.org.



Download the press release here.

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