Two Extra Days in the Northeast

Because of the storm in the Northeast U.S., the IRS has, according to an email I just received, extended the due date for returns for impacted taxpayers only until April 19th.

Taxpayers who are impacted and take advantage of the extra two days will be charged interest but will not be charged a late filing penalty.


Update: The IRS has released its’ FAQ on this issue. Some highlights:

Returns covered:
* Calendar-year 2006 federal individual income tax returns, whether filed electronically or on paper (Forms 1040, 1040A or 1040EZ).

* Requests for an automatic six-month tax-filing extension on an individual return for calendar-year 2006, whether submitted electronically or on Form 4868.

* Tax-year 2006 income tax balance-due payments, whether made electronically (direct debit or credit card) or by check.

* Corporation income tax returns, including S corporations (Forms 1120, 1120-A and 1120S) for a fiscal year ending on Jan. 31, 2007, and any balance due.

* Calendar-year estate and trust income tax returns (Form 1041) and any balance due.

* Calendar-year 2006 partnership returns (Form 1065).

* Annual information returns (Form 990) and unrelated business income tax returns (Form 990-T) for tax-exempt organizations with a fiscal year ending on Nov. 30, 2006.

* Calendar-year 2006 Form 990-T for certain employee trusts, retirement plans and education savings plans.

* Extension requests for any return.

Estimated Tax Payments are not covered.

More information is on the IRS website.

Comments are closed.