For the information of our members, and per your request, I have reproduced a copy of a House Ways and Means Committee press release that outlines the proposal of the House Republicans in some detail in TaxConnections Tax Blogs. At this point in time, I don’t know how many Republican Members of Ways and Means and/or of the House will support that proposal until details of the President’s tax proposal is announced and studied.
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I remember when tax season was pretty much over after April 15. Sure, there were extensions, but for four months and you had to justify an additional two-month grace period. Since the additional extension was mostly perfunctory, the IRS changed things and now grants a single six-month extension. No additional extensions are granted except in the case of a federally declared disaster area.
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