As many of us are still recovering or supporting those who are recovering from the April 16, 2011 tornado that hit several counties including Wake and Johnston, filing taxes by the April 18, 2011 may seem like a extra burdoen to bare.
President Obama recently declared areas affected by the tornado disaster areas and with this, both Federal and State tax deadlines have been extended. The original deadline for 2010 Federal returns was Monday April 18, 2011, three days later than the typical April 15th deadline mostly impart to a holiday observed in our nation's capital. If you filed an Federal extension by the 18th, the IRS could have granted you an additional 6 months to file (October 17, 2011). However those affected by the tornado now have until June 30, 2011 to file AND pay any taxes due regardless if you've filed an extension to the IRS or not.
For State filers, the North Carolina Department of Revenue as also waived late filing and late payment penalties for those affected. The waive however does not apply to interest.
The counties that are able to take advantage of this are:
The Clayton News Star
provides more info on exactly what the extension covers and how to learn more.
Katrina M. Harrell
is CEO & Founder of Your Simple Bookkeeper, Inc headquartered in Clayton, NC, YSB services the needs of Micro and Small business throughout the nation. Providing information and education to business owners.