Search Results: keywords:"federal tax deadlines"

  • H. R. 517 — To amend the Internal Revenue Code of 1986 to modify the rules for postponing certain deadlines by reason of disaster.
    Status:Introduced in House
    Words:613

    H.R. 517 is a bill aimed at amending the Internal Revenue Code of 1986 to change how deadlines can be postponed due to disasters. The bill allows the Secretary of the Treasury to extend federal tax deadlines for disasters declared by states, not just those declared by the...

    Simple Explanation

    H.R. 517 wants to let the people in charge of taxes give everyone more time to pay their taxes if bad things happen because of storms or other big problems in their area, even if the problem wasn't declared by the big government. It also gives them more days, from 60 to 120, to do this.

  • S. 132 — To amend the Internal Revenue Code of 1986 to modify the rules for postponing certain deadlines by reason of disaster.
    Status:Introduced in Senate
    Words:626

    S. 132 seeks to change the Internal Revenue Code to allow for more flexibility in postponing federal tax deadlines when a state declares a disaster. The bill enables the Secretary of the Treasury to apply disaster relief tax rules, usually reserved for federally declared...

    Simple Explanation

    S. 132 wants to change the rules so people get more time to pay their taxes when bad things happen, like natural disasters, in their town or state. It lets state leaders say that a disaster has happened, and people would then get extra time (up to four months) to fix their tax stuff.