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Private Equity in the Crosshairs | Bradley Arant Boult Cummings LLP

Private Equity in the Crosshairs | Bradley Arant Boult Cummings LLP
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Private equity in the crosshairs

Private equity in the crosshairs
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2 Democrats Push IRS to Extend 2021 Tax Filing Deadline to July 15

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Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
Are U.S. taxpayers about to receive another three-month extension of the IRS filing deadline? If two prominent lawmakers get their way, the answer will be yes.
On Monday, two Democratic members of the House Ways & Means Committee, Chairman Richard Neal of Massachusetts and oversight subcommittee Chairman Bill Pascrell of New Jersey, formally requested that the IRS do so right away. They pointed out in a press release that the number of both processed and filed returns so far in 2021 are down significantly from last year at this time. Processed returns are 31% below the 2020 level, while filed ones are down by nearly 25%. ....

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