IRS Turns the Other Cheek for Y2K Filing Delays
Once again, the kindler, gentler IRS is showing its colors. A statement issued by Commissioner Charles Rossotti said the IRS will be somewhat forgiving on taxpayer business filings based on potential Y2K mishaps that hamper the filing of taxes.
Based on companies facing stricter and more timely deadlines, the Service is focusing its attention on businesses instead of individuals. Although details are not known, it is expected, according to the IRS, that businesses should demonstrate measures that they attempted to become Y2K compliant.
More formal guidelines will be issued in December.