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IRS announces tax relief for Louisiana flood victims
Source:
bossierpress.com
- Mar 21, 2016
NEW ORLEANS — Victims of the severe storms and flooding that took place beginning March 8, 2016 in parts of Louisiana may qualify for tax relief from the Internal Revenue Service.
The President has declared that a major disaster exists in the State of Louisiana. Following the recent disaster declaration for individual assistance issued by the Federal Emergency Management Agency, the IRS announced that affected taxpayers in Louisiana will receive tax relief.
The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after March 8, and on or before July 15, 2016 have been postponed to July 15, 2016. This includes 2015 income tax returns normally due on April 18. It also includes the April 18 and June 15 deadlines for making quarterly estimated tax payments. A variety of business tax deadlines are also affected including the May 2 deadlines for quarterly payroll and excise tax returns.
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Category: Louisiana
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