Thursday, April 1, 2010

East Coast Storm Victims Granted Extensions

* * Storm Victims Granted Extensions * *
via NATP

Victims of severe storms and flooding that began March 12 in Rhode Island, West Virginia, and Massachusetts may qualify for tax relief. President Obama has declared several counties in these states federal disaster areas qualifying for individual assistance. As a result, the IRS is postponing until May 11 certain deadlines for taxpayers who reside or have a business in the disaster area. This includes the April 15 deadline for filing 2009 individual income tax returns, making income tax payments, and making 2009 contributions to an IRA. In addition, the IRS will waive the failure to deposit penalties for employment and excise deposits due on or after March 12 and on or before March 29, as long as the deposits were made by March 29.

Additional information is available on these IRS websites:

Massachusetts - http://www.irs.gov/newsroom/article/0,,id=220830,00.html
Rhode Island - http://www.irs.gov/newsroom/article/0,,id=220829,00.html
West Virginia - http://www.irs.gov/newsroom/article/0,,id=220828,00.html

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