As expected, legislation has been introduced that would extend the due date for electronically filing an individual tax return from April 15 to April 30. For years, the IRS has been pushing electronic filing and this is seen as adding one more incentive for more taxpayers to do so.
The New York State Society of CPAs has come out in opposition to the legislation. One of its reasons for opposing this is the fact that unless all the states agree to change their April 15 deadlines to coincide with the federal changes, taxpayers and practitioners will not gain any advantage because most state filings use information from the federal return.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access