Congress introduced bipartisan legislation aimed at changing the estimated tax payment deadlines to a uniform, quarterly schedule.
Rep. Debbie Lesko, R-Arizona, and Bradley Schneider, D-Illinois, introduced the Tax Deadline Simplification Act on Tuesday. The legislation would set the estimated tax installment deadlines to 15 days after the end of each quarter, moving the deadlines to Jan. 15, April 15, July 15, and Oct. 15. It would affect individual taxpayers, small businesses, estates, and trusts.
Estimated tax payments are made each quarter to the Internal Revenue Service by those whose income isn’t subject to tax withholding, but the current laws set the estimated tax payment deadlines at uneven intervals that don’t necessarily coincide with calendar year quarters, which can lead to confusion. This past year, when the IRS delayed the traditional tax filing deadline of April 15 until May 17, that led to difficulties for the taxpayers who still had to make a quarterly tax pay
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IR-2021-12, January 13, 2021
WASHINGTON The Internal Revenue Service today announced the appointment of 13 new members to the Internal Revenue Service Advisory Council.
The IRSAC, established in 1953, is an organized public forum for IRS officials and representatives of the public to discuss various issues in tax administration. The council provides the IRS commissioner with relevant feedback, observations and recommendations. It will submit its annual report to the agency at a public meeting in November 2021.
The IRS strives to appoint members to the IRSAC who represent the taxpaying public, the tax professional community, small and large businesses, tax exempt and government entities and information reporting interests.
IR-2021-12, January 13, 2021 WASHINGTON - The Internal Revenue Service today announced the appointment of 13 new members to the Internal Revenue Service Advisory.