Change National Tax Day

Change National Tax Day

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Denise Yelvington started this petition to United States Department of the Treasury and

National Tax Day (April 15th) has not been modified since 1955. In 1955, the federal tax code was 929 pages. Today, the federal tax code is more than 6,600 pages, yet Tax Day has not changed. 

Accuracy matters. The proper calculation of tax liabilities is important for both Treasury and taxpayers.

Often, individual taxpayers are receiving and gathering tax documents until mid-March. Tax practitioners end up with the bulk of their work falling into those last four weeks of tax season. The complexities of various COVID-19 relief programs add to the time needed to accurately prepare a tax return. Partnerships and S-Corporations have a tax deadline of March 15th so that the individual partners/shareholders have the information necessary to complete their individual tax returns by April 15th. Adding to the complexity of these business returns is the new requirement to include Schedules K-2 and K-3 for the 2021 tax year. However, at the time of drafting this petition in February 2022, the IRS website states the availability to electronically submit these forms will be March 20, 2022, for partnerships, and mid-June for S-Corporations, both of which are after the March 15th deadline. This necessitates filing extension requests for these business entities, which then impacts the ability of the individual partners/shareholders to timely file by April 15th.  

When an individual taxpayer files an extension request with the IRS, it only grants additional time to file the tax return. It does not extend the time to pay. Therefore, taxpayers must pay their tax liability by April 15th or face interest and penalties on any unpaid liability. Without almost fully preparing a tax return, it is difficult to properly calculate a taxpayer’s liability. Taxpayers and tax professionals seeking assistance from the IRS may not have their calls answered. The extension process for individual taxpayers is burdensome and could be simplified.

What are possible solutions? An easy solution is to allow extensions to not only extend the time to file but also the time to pay. If that's not feasible, #changetaxday and permanently move Tax Day to May 15th, June 15th, or July 15th. 

Accuracy matters. We need additional time to ensure the taxpayers are paying the proper amount of tax. As tax complexity increases, more taxpayers seek the assistance of a professional tax preparer. April 15th is no longer practical. We only strain the profession and the taxpayers by retaining this deadline.

Please share this petition with every CPA, EA, and professional tax preparer you know, and let's advocate for permanent change. #changetaxday

0 have signed. Let’s get to 2,500!
At 2,500 signatures, this petition is more likely to get picked up by local news!