NCACPA has joined the growing chorus of organizations calling for the Treasury Department and the Internal Revenue Service (IRS) to extend the April 15 federal tax filing and payment deadline.
The issue was discussed at a meeting of NCACPA’s Advocacy Advisory Council on March 8. It was the consensus of the Council to respond favorably to a request from AICPA to join in the effort to extend the deadline. NCACPA contacted each member of North Carolina’s congressional delegation to ask for their support of the extension.
The AICPA sent a letter to IRS Commissioner Charles Rettig on March 4 asking for a postponement of the deadline to June 15. Several other tax advocacy groups echoed this action, and leaders of the House Ways and Means Committee on Monday urged the IRS to extend the tax season until July 15.
Although there is diversity of opinion on the matter among the NCACPA membership, the Advocacy Advisory Council acknowledged that some firms and clients have been hit harder than others during the pandemic and may need the extra time afforded by a delay.
The Advocacy Advisory Council is comprised of NCACPA members from across the profession, responsible for the identification and oversight of nonpartisan efforts to protect and advance the interests of the CPA profession and the state’s business community.
If you have questions about this issue or other policy matters, please contact NCACPA Director of Advocacy Robert Broome, CAE.