Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

After reading, come up with a couple paragraphs stating the authors purpose and what the author is trying to get at. How is it effecting

 After reading, come up with a couple paragraphs stating the authors purpose and what the author is trying to get at. How is it effecting people? Also state your opinion. 

 IRS Postpones April 15 Tax Deadline for Texas Residents, Businesses 

Agency cites disaster in extending deadline for filing and payment to June 15

WASHINGTONThe Internal Revenue Service extended the April 15 tax-filing and payment deadline to June 15 for all residents and businesses in Texas, citing the damage caused by the recent winter storms and power outages in the state. The delay also gives Texans more time for other tax-related filings, including estimated-tax payments, payroll-tax returns and contributions to Individual Retirement Accounts.The delays are automatic, meaning that taxpayers don't have to file forms to obtain the benefits. The relief applies to people who live in Texasmore than 8% of Americansand to people who have businesses there.Residents of other states affected by the same storms and accompanying disaster declarationsmay also qualifyfor the same delay; the IRS will update the list of eligible locations on its disaster-relief website. The delays come amid some pressure from Congress to delay the tax deadlines more broadly. A group of Democrats on the Ways and Means Committee last week asked the IRS to delay the April 15 deadline, citing the late start to the tax-filing season and continued difficulties during the coronavirus pandemic."For starters, health and safety concerns continue to keep taxpayer assistance sites closed and taxpayers homebound," wrote the lawmakers, led by Rep. Bill Pascrell (D., N.J.). "As a result, taxpayers are having a much harder time receiving the crucial assistance they are accustomed to and require."The IRS opened tax filing this year on Feb. 12, later than usual, to accommodate late changes in the tax law in December. The agencyreceived 20 million returnsthat day, down from the 40 million it had received by roughly the same time last year, according to Ways and Means Committee Democrats. So far, the IRS hasn't postponed deadlines for taxpayers outside the Texas disaster area. Last year, as the coronavirus pandemic was starting, the government delayed the April 15 tax-filing deadline until July 15.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The authors purpose in this article is to inform readers about the IRS postponing the tax filing and ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Finance questions