• Bank Services
  • Tax Services
  • Audit & Review
  • Consulting Services
  • About Us
  • Contact Us

Search King + Company




  • Home
  • Bank Services
  • Tax Services
  • Audit & Review
  • Consulting Services
  • About King + Company
  • Contact Us

IRS Provides Tax Relief to Missouri Storm Victims; Tax Deadline Extended to May 16

IRS 0



1st February, 2016

WASHINGTON –– Missouri storm victims will have until May 16, 2016 to file their returns and pay any taxes due, the Internal Revenue Service announced today. All workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization also qualify for relief.
Following this week’s disaster declaration for individual assistance issued by the Federal Emergency Management Agency (FEMA), the IRS said that affected taxpayers in Barry, Barton, Camden, Cape Girardeau, Cole, Crawford, Franklin, Gasconade, Greene, Hickory, Jasper, Jefferson, Laclede, Lawrence, Lincoln, Maries, McDonald, Morgan, Newton, Osage, Phelps, Polk, Pulaski, Scott, St. Charles, St. Francois, St. Louis, Ste. Genevieve, Stone, Taney, Texas, Webster and Wright counties will receive this and other special tax relief. Other locations in Missouri and other states may be added in coming days, based on damage assessments by FEMA.
The tax relief postpones various tax filing and payment deadlines that occurred starting on Dec. 23, 2015. As a result, affected individuals and businesses will have until May 16, 2016 to file their returns and pay any taxes due. This includes 2015 income tax returns normally due on April 18. It also includes the Jan. 15 and April 18 deadlines for making quarterly estimated tax payments. A variety of business tax deadlines are also affected including the Feb. 1 and May 2 deadlines for quarterly payroll and excise tax returns and the special March 1 deadline for farmers and fishermen who choose to forgo making estimated tax payments.
In addition, the IRS is waiving late-deposit penalties for federal payroll and excise tax deposits normally due on or after Dec. 23 and before Jan. 7 if the deposits are made by Jan. 7, 2016. Details on available relief can be found on the disaster relief page on IRS.gov.
The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area. Thus, taxpayers need not contact the IRS to get this relief. However, if an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date falling within the postponement period, the taxpayer should call the number on the notice to have the penalty abated.


Published by king




Previous Post

IRS Issues Nine Out of 10 Refunds in Less than 21 Days

Next Post

Phishing scheme requests Form W-2 and other confidential employee information

Our Mission

Our mission is to exceed our clients’ expectations by providing excellent accounting and consulting services from our team of dedicated professionals and ensuring the best value in the industry.

Our Reputation

Ability, Knowledge and Integrity…That’s King + Company.

- Mr. E. J. Golightly, President One Stroke Inks & Kidsclothes, Inc. Louisville, KY

More Testimonials »


Need Tax Help?

Trust the expertise of King + Company's team of tax experts to help you prepare and file your taxes.

Learn More »


Put King + Company's expertise to work for you. Contact us to set up an appointment.

Contact Us

Address

King + Company, CPAs
3400 Dutchmans Lane
Louisville, KY 40205

Contact Us

Office: 502-459-5000
Fax: 502-459-5309
FREE Consultation

Tax Updates

  • Kentucky Tax Deadline March 23, 2021
  • Federal Income Tax Filing Due Date Extended for 2021 March 18, 2021
  • Where’s My Refund? March 17, 2021
View Newsletters »

Newsletter

Sign up for our newsletter and stay informed on important financial topics.
© 2022 King + Company CPAs
Back to top