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AICPA Asks IRS to Extend Tax Deadline after Hurricane

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Washington, D.C. (August 31, 2011)

By Michael Cohn, Accounting Today

The American Institute of CPAs has asked the Internal Revenue Service to extend the Sept. 15 filing deadline for business tax returns for taxpayers and preparers in areas affected by Hurricane Irene.

Patricia Thompson

The deadly storm ravaged the East Coast over the weekend. Many towns remain underwater or without electricity, or have bridges and other infrastructure severely damaged.

“Many of our members are currently actively engaged in preparation of corporate, pass-through entity and trust tax returns with extended filing deadlines of September 15, 2011,” wrote AICPA Tax Executive Committee chair Patricia Thompson in a letter Tuesday to IRS Commissioner Doug Shulman. “The provision of these services has been drastically affected by the aftermath of Hurricane Irene. We are hearing reports of members who have limited Internet connectivity and power outages, both at their offices and at their personal residences. Our members have experienced massive transportation disruptions and flooding of their residences and offices. Also we have heard from members who are having difficulty communicating with their taxpayer clients who are located in the affected areas, including difficulty obtaining information necessary to prepare the return.”

The AICPA asked the IRS to use its administrative authority to grant at least a two-week extension of the tax-filing deadline for those in the areas affected by the deadly hurricane. Thompson also asked that any relief apply to situations in which the taxpayer, tax return preparer or the records are located in areas ravaged by the hurricane.

“We understand that the IRS has authority through administrative pronouncement via press release to grant relief for filing deadlines in circumstances such as those being experienced by our members located in affected areas,” she wrote. “We request that the IRS consider a minimum two week extension of the filing deadline only.  We hope that any relief considers factors such as where the taxpayer is located, where the taxpayer’s preparer is located, and where the taxpayer’s records are located. If any of those locations falls within the areas impacted by Hurricane Irene, we request that the relief be extended to those returns.”

6 Comments

I understand that the IRS has not included Connecticut in this waiver, a state still attempting to get power restored to over 1/2 million customers (meaning x 4 likely in terms of people).

This mornings news from the Governor is his target is by next Wednesday or September 7th.

This is an outrage!

Posted by: Noodles_Romanov | September 2, 2011 6:04 AM

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The IRS notice stupidly states that it applies if the PREPARER is in an affected zone. It should have included client companies in those areas as well.

Posted by: dlzallestaxes | September 1, 2011 4:46 PM

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I agree. An extension for the OVDI (Offshore Voluntary Disclosure) program has been granted, extending the due date from 8/31/2011 to 9/9/2011, so the September 15th deadline should get some relief as well.

Posted by: EricaRickard | September 1, 2011 10:04 AM

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I agree. Too many states still without electricity through scattered areas. The east coast, especially Vermont were hit hard. It should be similiar to to the "2010 flood areas" but more extensive. It should be by state rather than countries/districts.

Posted by: MLF | September 1, 2011 9:35 AM

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I agree. Too many states still without electricity through scattered areas. The east coast, especially Vermont were hit hard. It should be similiar to to the "2010 flood areas" but more extensive. It should be by state rather than countries/districts.

Posted by: MLF | September 1, 2011 9:35 AM

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I agree. Too many states still without electricity through scattered areas. The east coast, especially Vermont were hit hard. It should be similiar to to the "2010 flood areas" but more extensive. It should be by state rather than countries/districts.

Posted by: MLF | September 1, 2011 9:35 AM

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