The one-month extension of the federal income tax filing and payment deadline for some taxpayers does not go far enough to help small business owners who most need the relief, says the American Institute of CPAs. On Wednesday the IRS announced it is extending the April 15 deadline to May 17. The taxpayers who will most likely benefit, however, are those who are able to meet the original filing deadline, the AICPA said in a statement. The relief does not include estimated tax payments that are due on April 15, and it also excludes trust income tax payments and return filings on Form 1041, as well as corporate income tax payments and return filings on various Forms 1120. “While we appreciate the IRS’ recognition that a filing deadline postponement is indeed necessary, the announcement is far too selective in who is receiving relief,” said AICPA President and CEO Barry Melancon. Failure to include estimated payments nullifies any benefit of a postponement, since the tax return work has to be done to calculate estimated payments, Melancon said. More than 9.5 million individual returns filed for the 2018 tax year included estimated payments. In earlier letters to the Department of the Treasury and the IRS, AICPA urged an extension to June 15 to “ease the impact of the pandemic on taxpayers – especially small businesses – and tax practitioners and help many states maintain revenue levels within their current fiscal years.”