Tax Resolution Attorney John P. Willis Writes About The IRS’s Stance On Federal Tax Filing Extension Along With If And When Stimulus Payments May Get To Taxpayers.
Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR tells his readers they are in a “damned if you do, damned if you don’t” situation this tax season.
Fairhope, AL, March 31, 2021: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently published an article on his website entitled “Yes, No, Maybe,” in which Mr. Willis explains why this tax season is likely to be more confusing than ever.
Willis writes, “This month I have a little bad news and some less bad news that might end up being good news.” He adds, “Sounds confusing, right?” He continues, “I have to say that’s par for the course much of the time when dealing with the governing powers that be and the IRS.”
“It seems as though a third stimulus payment will be approved by the President very soon,” says Willis, “in fact,” he adds, “it may already be approved by the time this piece is posted. That’s the good news.”
“The bad news is that the IRS will not extend the tax filing and payment deadline.” He clarifies, “(The only states that get an extension are Texas and Oklahoma due to the winter storms.) So,” says Willis, “despite the confusion and the desperation so many taxpayers are experiencing, you’re not getting any more time to figure it out or have your accountant or tax preparer figure it out. And believe me, the American Institute of CPAs (AICPA) is practically on its knees begging the IRS for an extension. The answer keeps coming back as a resounding “NO.”
According to Willis, “here’s the pickle for taxpayers. Miss your tax filing and payment deadline and the IRS immediately begins adding interest and fines to what you owe them. But, they’ve also said they don’t know when they’ll be able to get the stimulus checks out because they are in the middle of tax season. So, maybe you’ll get the money the government is promising, but you probably won’t get it in time to pay your taxes on time.”
*Update: 04/01/21 Since, this article was posted, the IRS announced there WILL be an extension for individual filing until May 17, 2021.
The entire article can be read at: http://www.irsallstar.com/blog/yes-no-maybe.php
ABOUT JOHN WILLIS
Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 21 years and, he brings together an abundance of skills and experience that can be of assistance to almost anyone.
ABOUT THE IRSALLSTAR TEAM
The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed, and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities. The entire blog can be found at http://www.irsallstar.com/blog/irs-tax-controversy-even-death-cant-stop-the-irs.php
To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.