IRS Extends Hurricane Sandy Relief
- Tax Tips
- Nov 5, 2012 | Gail Cole
The Internal Revenue Service announced last Friday that it is extending tax relief for individuals and businesses affected by Hurricane Sandy. This is an extension of the original extension offered by the IRS, which pushed back the October 31 deadline to November 7, 2012.
Now taxpayers impacted by Storm Sandy in Connecticut, New Jersey, and New York have until February 1, 2013 to file and pay taxes. Additional areas may be made eligible for the extensions as FEMA assesses damage in the coming days. This is good news for the thousands of people still without electricity or unable to return to their homes.
The February 1, 2013 deadline includes, but is not limited to:
- Payroll and excise returns for the third and fourth quarters of 2012;
- Form 990 series returns from tax-exempt organizations;
- Fourth quarter individual and estimated tax payments (normally due January 15, 2013).
Interest, late-filing and late-payment penalties will automatically be waived for victims of Sandy.
As of this writing, IRS tax relief applies to the following areas:
- Fairfield County;
- Middlesex County;
- New Haven County;
- New London County;
- The Mashantucket Pequot Tribal Nation located within New London County;
- The Mohegan Tribal Nation located within New London County.
- Cape May;
- New York;
Additional information is available at the IRS.