Tax Alert: Senators Introduced the Tax Filing Relief for America Act

By Lou Gangi|

On March 19, 2020, a group of senators introduced the Tax Filing Relief for America Act (S. 3535), a bill to extend the tax filing deadline from April 15, 2020, to July 15, 2020 after guidance from the Treasury Department and the Internal Revenue Service extended only the tax payment deadline in response to the novel coronavirus pandemic. The Tax Filing Relief for America Act would provide for basically the same timeline as the Treasury and IRS guidance that was issued this week. The legislation would enable taxpayers, along with their preparers, extra time to file their taxes without filing for an extension.

We will continue to monitor this bill. If you have any questions, please contact a member of your Insero tax professional team.