Koskinen to Congress: Act Soon on Extenders or Risk Tax Season Delay

Monday, October 13, 2014 9:31 PM | NCSA Website Manager (Administrator)
Congress needs to act on tax extenders as soon as it returns for the lame-duck session in November to avoid delays in the 2015 tax season, IRS Commissioner John Koskinen wrote in a letter to Sen. Ron Wyden, chair of the Senate Finance Committee.
 
"This uncertainty, if it persists into December or later, could force the IRS to postpone the opening of the 2015 filing season or delay the processing of tax refunds for millions of taxpayers," Koskinen said in the October 6 letter. Koskinen said extenders legislation that arrives too close to the beginning of the 2015 filing season or contains numerous tax code changes could delay the agency's timeline on processing returns.
 
The letter was sent in anticipation of an upcoming lame-duck session beginning in November. Sen. Wyden has said that addressing extenders is his top priority in the session, though House and Senate remain at odds over the particulars of the issue. Republican lawmakers, including House Budget Committee Chairman Paul Ryan (R-Wis.), have gone on record saying that November's congressional elections will determine the nature of the lame-duck negotiations on extenders. The House has already voted to make several extenders permanent, including research and development tax credits as well as bonus depreciation. Wyden, however, stands firm on his plan for a two-year extension in hopes of resolving the issue permanently in a broader tax code rewrite.


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