While the AICPA said it welcomes the IRS’ recent grant of automatic penalty relief for failure to file a broad range of tax and information returns for 2019 and 2020, it requests the agency extend the relief deadline from Sept. 30 to Dec. 31.
A recent letter from the AICPA to the IRS outlined requested changes that would, among other things, widen the relief to additional penalties, include more types of returns, cover more tax years, notify the taxpayers who qualify for the relief and more. See the proposed changes.