The IRS and several state taxing authorities are offering employment tax relief to taxpayers in Alabama, Arkansas, Georgia, Kentucky, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, and Tennessee, who were impacted by recent storms that ripped through these states.
Here are some of the latest developments:
Alabama. Federal tax relief is available to victims of severe storms, tornadoes, and associated flooding that began on April 15, 2011 in 42 Alabama counties. The IRS will waive the failure-to-deposit penalty for employment tax deposits due after April 14 and before May 3, 2011, as long as the deposits were made by May 2, 2011. Affected taxpayers also have until June 30, 2011 to file their first quarter Form 941 [IRS Notice AL/TN-2011-26AL, 4/29/11].
The Alabama Department of Revenue (DOR) is giving affected taxpayers until June 30, 2011, to file their withholding tax returns that would otherwise have been due between April 15, 2011, and June 29, 2011. The tax relief includes the waiver of late filing and payment penalties. However, there is no provision in Alabama tax law that provides for the waiver of interest [DOR News Release, State Filing Extensions Granted to Alabama Storm Victims, 5/5/11; Order of the Commissioner of Revenue, 5/4/11].
Arkansas. Federal tax relief is available to victims of severe storms, tornadoes, and associated flooding that began on April 23, 2011 in 26 Arkansas counties. The IRS will waive the failure-to-deposit penalty for employment tax deposits due after April 22 and before May 10, 2011, as long as the deposits were made by May 9, 2011. Affected taxpayers also have until June 30, 2011 to file their first quarter Form 941 [IRS Notice OK-2011-08, 5/3/11].
Georgia. Federal tax relief is available to victims of severe storms, tornadoes, straight-line winds, and associated flooding that began on April 27, 2011 in 25 Georgia counties. The IRS will waive the failure-to-deposit penalty for employment tax deposits due after April 26 and before May 13, 2011, as long as the deposits were made by May 12, 2011. Affected taxpayers also have until June 30, 2011 to file their first quarter Form 941 [IRS Notice ATL 2011-36, 5/2/11].
Georgia is giving taxpayers who reside in or have a principal place of business in the disaster area until June 30, 2011, to file returns, make tax payments and perform other time-sensitive acts that were originally due after April 26, 2011 and before June 30, 2011. The relief is also available to taxpayers who are not located in the disaster area if their records are maintained in the disaster area [Georgia Department of Revenue Extends Relief to April Severe Storm and Tornado Victims, 5/5/11].
Kentucky. Federal tax relief is available to victims of severe storms, tornadoes, and associated flooding that began on April 22, 2011 in 11 Kentucky counties. The IRS will waive the failure-to-deposit penalty for employment tax deposits due after April 21 and before May 10, 2011, as long as the deposits were made by May 9, 2011. Affected taxpayers also have until June 30, 2011 to file their first quarter Form 941 [IRS Notice, 5/20/11].
Mississippi. Federal tax relief is available to victims of severe storms, tornadoes, straight-line winds, and associated flooding that began on April 15, 2011 in 29 counties. The IRS will waive the failure-to-deposit penalty for employment tax deposits due after April 14 and before May 3, 2011, as long as the deposits were made by May 2, 2011. Affected taxpayers also have until June 30, 2011 to file their first quarter Form 941 [IRS Notice LA/MS-2011-19, 5/2/11].
Mississippi is offering the same tax relief that is being offered by the IRS. The Mississippi relief applies to tax returns and payments with an original or extended due date that falls after April 14, 2011 and before June 30, 2011. The Mississippi Department of Revenue (DOR) will abate interest and any late filing/late payment penalties that would otherwise apply [DOR Notice, Mississippi Severe Storm and Flooding Disaster Relief, 5/2/11].
Federal tax relief is also available to victims of flooding that began on May 3, 2011 in 14 counties. The IRS will waive the failure-to-deposit penalty for employment tax deposits due after May 2 and before May 19, 2011, as long as the deposits were made by May 18, 2011 [IRS Notice LA/MS-2011-23, 5/12/11].
Missouri. Federal tax relief is available to victims of severe storms, tornadoes, straight-line winds, and associated flooding that began on April 19, 2011 in 15 Missouri counties. The IRS will waive the failure-to-deposit penalty for employment tax deposits due after April 18 and before May 5, 2011, as long as the deposits were made by May 4, 2011. Affected taxpayers also have until June 30, 2011 to file their first quarter Form 941 [IRS Notice KS/MO 2011-18, 5/10/11].
North Carolina. Federal tax relief is available to victims of severe storms, tornadoes, and flooding that began on April 16, 2011 in 19 counties. The IRS will waive the failure-to-deposit penalty for employment tax deposits due after April 15 and before May 3, 2011, as long as the deposits were made by May 2, 2011. Affected taxpayers also have until June 30, 2011 to file their first quarter Form 941 [IRS Notice NC-2011-20, 4/20/11].
Oklahoma. Federal tax relief is available to victims of severe storms, tornadoes, and associated flooding that began on April 14, 2011 in Atoka County. The IRS will waive the failure-to-deposit penalty for employment tax deposits due after April 13 and before April 30, 2011, as long as the deposits were made by April 29, 2011. Affected taxpayers also have until June 30, 2011 to file their first quarter Form 941 [IRS Notice OK-2011-07, 4/25/11].
South Carolina. The South Carolina Department of Revenue (DOR) has announced that it will follow the various IRS information releases that postpone certain deadlines until June 30, 2011, for affected taxpayers who live in or have a business in Alabama, Arkansas, Georgia, Mississippi, North Carolina, Oklahoma, and Tennessee. The postponement applies to the deadline for filing tax returns, making tax payments, and other time-sensitive acts [South Carolina Information Letter 11-7, 05/04/2011].
Tennessee. Federal tax relief is available to victims of severe storms, tornadoes, straight-line winds, and associated flooding that began on April 19, 2011 in the following counties: Dyer, Lake, Obion, Shelby, and Stewart. The IRS will waive the failure-to-deposit penalty for employment tax deposits due after April 18 and before May 5, 2011, as long as the deposits were made by May 4, 2011. Affected taxpayers also have until June 30, 2011 to file their first quarter Form 941 [IRS Notice AL/TN-2011-30TN, 5/10/11].
Federal tax relief is also available to victims of severe storms, tornadoes, straight-line winds, and associated flooding that began on April 25, 2011 in the following counties: Bledsoe, Bradley, Cocke, Greene, Hamilton, Johnson, McMinn, Monroe, Rhea, and Washington. The IRS will waive the failure-to-deposit penalty for employment tax deposits due after April 24 and before May 11, 2011, as long as the deposits were made by May 10, 2011. Affected taxpayers also have until June 30, 2011 to file their first quarter Form 941 [IRS Notice AL/TN-2011-27TN, 5/2/11].
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