Question
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 ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started