The American Institute of Certified Public Accountants (AICPA) asked the Treasury Department and the Internal Revenue Service on Wednesday to consider providing extensive relief to both individual and business taxpayers because of the spread of the coronavirus.
“We are hearing from our members that they and their clients are experiencing great uncertainty about this year’s tax filing season. Our recommendations will help give taxpayers, large and small, much needed relief in the midst of this fast-moving emergency situation,” said Edward Karl, AICPA VP of taxation, who thanked Treasury and the IRS for their commitment to the welfare of all taxpayers.
