IRS announces new deadlines for disaster-area tax return extensions | AccountingWEB

IRS announces new deadlines for disaster-area tax return extensions

The Internal Revenue Service is postponing until August 29, 2008 the time to file certain tax returns, to make certain tax payments, and to perform time-sensitive acts for storm, flood, and tornado victims in presidential disaster areas in six states, mostly in the Midwest.

Previously, these deadlines varied by state, and the postponement provides people affected by the disasters with additional time.

"Our hearts go out to the people hit by these disasters," IRS Commissioner Doug Shulman said. “We realize that as people put their lives back together, they need additional time to work on these tax issues."

This announcement will affect counties in Indiana, Iowa, Illinois, Nebraska, West Virginia, and Wisconsin that qualify for individual assistance. Affected counties in Missouri previously have been granted relief until August 29.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.