Tax experts such as Bill Nemeth suspect that the IRS will see a higher amount of extensions being filed for after flu season, especially since the appearance of coronavirus in the US. More and more tax companies are ensuring that they have hand sanitizer available on their desk for their customers in order to make them feel more safe. Fortunately, most CPA professionals such as Gail Rosen have given their staff the convenience and safety of working out of their own home.
Key Takeaways:
- Many tax forms are treating the coronavirus as similar to the flu season, with an emphasis on hand sanitizer and hand washing.
- Many firms are seeking to reduce business travel, as well as taking a harder look at whether they want to attend professional events in March and April.
- The IRS is likely analyzing which functions are the most and least essential in the event that the coronavirus significantly impacts IRS operations.
“So, how are tax professionals planning on dealing with coronavirus just as the season heats up? For now, business as usual, more or less.”
Read more: https://www.accountingtoday.com/news/tax-pros-prepare-for-the-coronavirus
