On September 1, 2011, the New Jersey Division of Taxation announced that it is following the federal guidlines for tax relief for victims of Hurricane Irene. Taxpayers who reside or have a business in a designated Presidential Disaster Relief Area will now have until October 31, 2011 to file their New Jersey tax returns such as individual income tax, corporation business tax, sales tax inheritance tax, estate tax, partnership and other business taxes admininstered by the Division of Taxation.
The Presidential Disaster Relief Area consists of Bergen, Essex, Morris, Passaic, and Somerset counties. Should the President expand the scope of the disaster declaration the Division will append their notice to include additional counties.
This announcement also extends to October 31 the due date for all payments which have an original or extended due date on or after August 27, 2011 and on or before October 31, 2011. Estimated tax payments for the third quarter of 2011 are now due October 31, 2011 instead of September 15, 2011.
Please contact us or post a comment if you have any questions on this announcement.
September 6, 2011
September 1, 2011
Tax Filing Due Date Extended
The IRS announced today that the tax filing deadline for certain taxpayers has been extended to October 31. The affected taxpayers include corporations and businesses that have previously received September 15 extensions, and individuals that have previously received October 17 extensions. It also includes third quarter 2011 estimated tax payments, which would normally be due September 15.
This relief applies to New Jersey residents of Bergen, Essex, Morris, Passaic and Somerset Counties, and certain counties and municipalities in New York, North Carolina, and Puerto Rico. Check the IRS website for further details and information.
Be aware that as of now, no state has announced similar due date relief. This may be especially troublesome to business taxpayers who file in many states, because some states require copies of the federal tax return as part of their filing. Although I expect that New York and New Jersey will follow the IRS and extend the filing and payment due date, we have many clients who file in states not affected by the hurricane. It is not likely that those states will extend the due date.
Although Hurricane destruction in Vermont received a lot of television coverage, the initial IRS announcement does not extend the tax due date for any Vermont residents. It is not clear why Vermont residents received no relief.
Please contact us if you have questions or we can be of any assistance.
This relief applies to New Jersey residents of Bergen, Essex, Morris, Passaic and Somerset Counties, and certain counties and municipalities in New York, North Carolina, and Puerto Rico. Check the IRS website for further details and information.
Be aware that as of now, no state has announced similar due date relief. This may be especially troublesome to business taxpayers who file in many states, because some states require copies of the federal tax return as part of their filing. Although I expect that New York and New Jersey will follow the IRS and extend the filing and payment due date, we have many clients who file in states not affected by the hurricane. It is not likely that those states will extend the due date.
Although Hurricane destruction in Vermont received a lot of television coverage, the initial IRS announcement does not extend the tax due date for any Vermont residents. It is not clear why Vermont residents received no relief.
Please contact us if you have questions or we can be of any assistance.
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