The WICPA has joined a coalition of state CPA societies and the AICPA to advocate for tax filing and payment extensions for all taxpayers and small businesses.
The coalition, comprised of a growing list of people and organizations, is requesting an extension for all filers, following a letter co-signed by 60 U.S. representatives to IRS Commissioner Charles Rettig.
The group is requesting Rettig extend the federal tax filing deadline for first quarter estimated tax payments to May 17. Such a change, the coalition argues, would streamline tax filings, help ensure tax compliance and help ease the burden of millions of small businesses and other taxpayers.
The WICPA thanks Reps. Bryan Steil and Scott Fitzgerald for signing the letter and supporting Wisconsin’s small business community, individual taxpayers and the CPA profession.
Small businesses – and the CPAs who advise them – recently had a huge success when Congress decided to extend the PPP application deadline. The WICPA and AICPA will continue to advocate on issues to support economic recovery.