Iowa Storm Sales Tax Return Extension Granted
- Apr 18, 2012 | Susan McLain
Iowa was hit hard in Fremont and Union counties during the recent tornados and storms mid-April. The Iowa Department of Revenue has granted that “[t]axpayers whose principal business or residence was affected by April 14/15 storms in Fremont and Union counties will have until June 30, 2012 to file the quarterly Iowa sales/use tax and withholding returns for the period ending March 31, 2012.”
“When filing a sales/use or withholding return on extension for the period ending March 31, 2012, taxpayers should:
Select the correct period for the return being filed through the IDR eFile & Pay system.
- Choose Jan 1 – Mar 31, 2012, for the March quarterly return.
- Choose Apr 1 – June 30, 2012, for the June quarterly return.
- File separate returns for March and June; do not combine on one return.”
If the March return is filed after April 30, 2012, the system will automatically calculate penalty and interest. However, penalties and interest will be waived for taxpayers located in the disaster areas.
According to the Iowa Department of Revenue, “IF YOU ARE LOCATED IN ONE OF THE COUNTIES LISTED ABOVE, and file no later than June 30, disregard the penalty and interest calculated for the March 2012 quarter and pay only the tax due.”