Tax professionals weigh in on 2021 tax season deadline
The National Association of Tax Professionals (NATP) issued a survey to tax professionals in December 2020 with questions about the 2020 filing season, its extended deadline and more.
Of the 589 respondents, 62% reported they thought the July 15, 2020, filing extension for individual returns was positive for them as a practitioner, and 77% of tax professionals thought the extension was positive for their clients.
As a follow-up, 53% of respondents were in favor of another filing extension in 2021.
Other findings include:
- 73% of respondents expect the lack of guidance from the IRS on new tax provisions related to COVID-19 relief to be the biggest challenge for 2021.
- 66% of respondents expect the biggest challenge for taxpayers in the 2021 filing season to be understanding the tax impacts of COVID-19, including the economic impact payments, COVID distributions and the earned income credit.
The National Association of Tax Professionals (NATP) is the largest nonprofit organization that works exclusively for tax professionals. We serve members through education, advocacy and community, providing the tools they need to navigate the tax code and the insights the media can trust.
Looking for a tax expert? Tom O’Saben, EA, director of tax content and government relations at NATP, is available for phone or video interviews to discuss federal tax topics, including tax law change and its implications, taxpayer issues, tax preparer regulation and more. To schedule an interview with O’Saben, contact [email protected] or [email protected].