You may recall that when we were all isolated, the April 15, 2020 income tax filing deadline became July 15, 2020.  With the IRS still working on last year’s tax returns, there have been requests recently by the AICPA and National Association of Tax Professionals that the IRS extend the 2021 income tax filing season as well.  The AICPAs request is for the deadlines for filing all 2020 federal income tax and information returns and for making payments to be extended from April 15 to June 15, 2021, in response to a number of issues that make it impossible for many taxpayers to meet the April 15 deadline.

We all still face challenges, which are complicated by the backlog at the IRS of income tax returns from last year.   Many of us are dealing with a second round of Paycheck Protection Program loans, and there have been changes to the employee retention credit.  The elderly especially are having issues with the continued stay-at-home orders, and IRS is short of staff, both due to the COVID-19 pandemic.

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