The National Conference of CPA Practitioners (NCCPAP) has urged the IRS to announce further extensions to a number of income tax return dates.
The organization, which represents sole practitioners and small CPA firms, acknowledged that the due date for personal income tax returns has been shifted from April 15 to May 17.
However, it said that “work still needs to be done” as estimated tax payments, fiduciary tax returns, and corporate income tax returns remain due on April 15.
The body reacted to a statement made by Charles Rettig, IRS commissioner, that claimed estimated tax payments were not to be delayed as “we do not want to see wealthy taxpayers gaming the system”.
The NCCPAP has responded with three points, firstly claiming that estimated tax payments are not solely comprised of wealthy business owners, but instead “most actually fall into the lower and middle classes”.
It added that allowing a tax return to be filed in May but needing an estimate by April “does not help the taxpayer nor tax return preparer”, while changing the personal income tax return date alone could cause “a lot of confusion” for taxpayers.
The NCCPAP said: “While it is appreciated that the IRS recognizes that a postponement of the filing date is necessary, this announcement limits those who can actually take advantage of this relief.
“By failing to include estimated tax payments, fiduciary tax returns, and corporate tax returns in the extension to May 17, the IRS fails to recognize the real-world stresses of the past year that have been imposed on taxpayers, small businesses, and tax practitioners.”