IRS Chief Warns Congress about Possible Delay to Tax Season from Unresolved Tax Extenders
Internal Revenue Service commissioner John Koskinen has written a letter to the leaders of Congress’s main tax committees urging them to decide soon on what to do about extending dozens of expired tax provisions, or else next tax season and the processing of tax refunds could be delayed.
“Making this decision in a timely manner will allow the IRS to implement Congress’s decision without unnecessary disruptions and delays to the upcoming 2015 tax filing season, and it will provide certainty for millions of taxpayers who are affected by the expired provisions,” Koskinen wrote Monday to the leaders of the Senate Finance Committee and the House Ways and Means Committee.
He noted that the IRS’s operational preparations for the 2015 tax season are “in full swing.” The agency has been training its customer service employees, revising tax forms and publications and programming its technology systems to reflect changes in the tax laws. However, the uncertainty over the tax extenders is raising risks, including for tax professionals, Koskinen warned. Read more on Accounting Today.