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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

United statesEdward karlDebbie leskoBradley schneiderNational society of tax professionalsRevenue serviceAmerican institutePadgett business servicesNational conferenceNational association of tax professionalsNational society of accountantsLatino tax professionals associationTax deadline simplification actInternal revenue serviceNational societyTax professionals