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Tax Deadlines Extended in States Affected by Hurricane

IRS tax relief

Federal Tax Relief Extensions

The IRS has granted deadline extensions for taxpayers in many areas affected by Hurricane Sandy, and may add more as the Federal Emergency Management Association (FEMA) continues their assessment of the damage.

In certain counties in Connecticut, New Jersey, and New York, taxpayers will have until Feb. 1, 2013, to file returns and pay taxes due. This includes individual estimated payments for fourth quarter 2012 and payroll and excise tax returns and payments due on Oct. 31, 2012, and Jan. 31, 2013. The IRS will not assess interest or penalties for late filing or payments. This relief is automatic, and taxpayers do not need to apply to receive it.

The IRS is also waiving failure-to-deposit penalties for federal payroll and excise tax deposits that were due on or after the disaster area start date and before Nov. 26, as long as the deposits are made by Nov. 26, 2012.

The IRS will also not consider as taxable income any qualified relief payments made to individuals from employers or other individuals. These include living, personal, family, or funeral expenses not covered by insurance, as well as expenses to repair or rehabilitate personal residences or repair or replace their contents.

Taxpayers who have questions or need help recovering lost tax files or other tax paperwork can contact the IRS for assistance at (866) 562-5227.

The following areas currently qualify for federal relief:

Connecticut

Starting October 27: Fairfield, Middlesex, New Haven, and New London Counties, and the Mashantucket Pequot Tribal Nation and Mohegan Tribal Nation in New London County. 

New Jersey

Beginning October 26: Atlantic, Bergen, Cape May, Essex, Hudson, Middlesex, Monmouth, Ocean, Somerset, and Union Counties.

New York

Beginning October 27: Bronx, Kings, Nassau, New York, Queens, Richmond, Rockland, Suffolk and Westchester Counties.

Affected States Extend Deadlines

In Connecticut and New Jersey, state tax filings and payments due last week are now due today, November 7. In New Jersey, eligible taxpayers may also qualify for an interest and penalty abatement of tax for the postponed period. If they receive a notice, they should contact the N.J. Division of Taxation at (609) 292-6400.

In New York and New York City, taxpayers affected by Sandy have until November 14 for most personal and corporate tax payments and filings, as well as the remittance of income tax withheld by employers and the Metropolitan Commuter Transportation Mobility Tax (MCTMT). Taxpayers filing paper returns should write “Hurricane Sandy” on the return and attach an explanation for the delay.  

This article is provided by Patriot Software, Inc., developer of online software for U.S. small businesses, including online payroll software, time and attendance software, applicant tracking software, human resources software and an employee portal. The company also offers a payroll tax filing service for payroll customers. For more information, visit www.PatriotSoftware.com.

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