The IRS is giving relief to both businesses and individual taxpayers in certain areas, which completely wiped out. Instead of being required to file in March or April, depending on whether the debtor is a business or individual, all taxpayers have in some regions to 28 August 2006. Further, the> IRS is waiving any late filing penalties on people in the affected areas, although not in the 28th August 2006 deadline file.
This automatic extension is a very positive step by the IRS, but readers should keep in mind it is not for all areas. To obtain only in the most devastated areas to take advantage of the extension. These areas are in Louisiana: Cameron, Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles and St. Tammany. AutomaticExtension is also to individuals who applied in the Mississippi counties of Hancock, Harrison and Jackson.
Burden for taxpayers who live outside these areas, the IRS is willing to grant more time for the submission of tax returns. Said taxpayers have, however, contact the IRS to identify themselves. To the taxpayers, the IRS must call 1-866-562-5227, a disaster relief hotline or writing to Hurricane Katrina on their tax returns, ifLogin.
Importantly, none of these extensions apply to all current business tax requirements for facilities that work. Current business tax registration requirements include items such as income tax reporting contributions for employee wages, if your company is still working. You can submit your annual tax return late, but not monthly or quarterly, when the elements are in place and running.
Without doubt, the Internal Revenue Service of the maligned agency in the government. It is ironicthat the Agency has made a positive step after a positive step towards the discharge of any kind for the victims in the disaster area to provide. The IRS has to say even published articles and press releases, as the last victim to file taxes to get the losses in previous tax returns and claim refunds.
For the rest of the federal government is in comparison to the IRS clearly the only agency that has strengthened and for the victims of Hurricane Katrina delivered. For once, the IRS earnsStanding ovations.
