The IRS announced additional tax relief for individuals and businesses affected by Hurricane Sandy. This extension is provided until April 1, 2013 for the following localities:
If you reside outside the disaster area but your books, records or tax professional is located in the areas affected by Hurricane Sandy, the IRS will work with you. If you think you qualify for this consideration, contact the IRS at 866-562-5227.
The rax relief postpones various tax filing and payment deadlines that occurred starting in late October 2012. As a result, affected individuals and businesses have until April 1, 2013 to file these returns and pay any taxes due.
- Fourth quarter individual estimated tax payment, normally due Jan. 15, 2013.
- Payroll and excise tax returns and accompanying payments for the third and fourth quarters, normally due on Oct. 31, 2012 and Jan. 31, 2013 respectively.
- Calendar year corporate income tax returns due March 15.
- Tax-exempt organizations required to file Form 990 series returns with an original or extended deadline falling during this period.
The IRS will abate any interest, late-payment or late-filing penalty that would otherwise apply. The IRS automatically provides this relief to any taxpayer located in the disaster area. Taxpayers need not contact the IRS to get this relief. For more information visit www.irs.gov or watch the YouTube videos below.