The IRS is granting a temporary reprieve to businesses affected by superstorm Sandy.
Those whose payroll and excise tax returns and payments came due on Oct. 31 now have until Nov. 7 to file them. The new deadline applies to businesses and their tax preparers in areas hit by the storm.
“No action is required by the taxpayer,” the IRS said in a statement. “This relief is automatic.”
The IRS said companies that receive a penalty notice should call the agency at the number on the notice.
The agency expects to grant additional filing and payment relief when qualifying disaster declarations are issued by the Federal Emergency Management Agency. The agency will post details on the “Tax Relief in Disaster Situations” page on irs.gov.
Source: Excepted From Newsday