The AICPA has expressed support for plans to alter the due dates for estimated tax payments, stressing the need to tie payment due dates to the normal quarter date.
Currently, small business owners and individuals must pay quarterly estimated tax payments on April 15, June 15, Sept. 15 and Jan. 15.
The AICPA believes that changing the June 15 and Sept. 15 dates to July 15 and Oct. 15, respectively, would space the dates evenly three months apart and more closely tie to the normal quarter date.
This change will make it easier for taxpayers to meet their tax obligations in a timely manner, the AICPA said in a letter to the U.S. House of Representatives.