IRS Extends Tax Deadlines for Storm, Tornado Victims
WASHINGTON – People living in disaster areas declared by the Federal government can now breathe a sigh of relief after the Internal Revenue Service extended the deadline for quarterly estimated tax payments.
The IRS moved the deadline as a courtesy to calamity victims who live in the 10 declared states and who already have a lot to worry about besides paying their taxes.
“Our hearts go out to the flood victims in the stricken states. At a time like this, taxes should be the last thing on the minds of these unfortunate victims,” says Doug Shulman, IRS Commissioner.
The tax relief applies to all residents of presidential disaster areas and to people who have businesses established in these places. Also covered by the extension are those whose tax professional’s offices, books, and records are located in the affected counties. The IRS also postponed the filing of tax returns as well as cancelled penalties for those who failed to pay their employment and excise deposits.
Storm victims can now fully concentrate on rebuilding their lives, restore their homes and businesses, and get back on track without having to agonize about missing tax payment deadlines.
Dates for the extended deadline vary in different states:
- Arkansas – July 21
- Colorado – July 25
- Georgia – July 22
- Indiana – August 7
- Iowa – July 28
- Maine – July 8
- Mississippi – July 28
- Missouri – July 22
- Oklahoma – July 14
- Wisconsin - August 13
The agency’s computer system automatically identifies and applies tax relief to all taxpayers covered by the disaster areas.
