MarketWatch quoted Tax & Business Services Leader Joseph Perry about the lack of IRS guidance on the new tax law, which is complicating on-time filing for individual taxpayers.
By Alessandra Malito
To buy his clients time and fully understand the implications of the new law, he’s recommending that some file for an extension, which allows taxpayers to submit their returns by Oct. 15. “We are recommending an extension, and the reason we recommend that is for more guidance,” he said. The last major reform, in 1986, took more than a decade to fully understand and implement, he said.