Businesses get extension relief for winter storms

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The IRS has granted many businesses affected by severe winter storms additional time to request a six-month extension to file their 2017 federal income tax returns.

This extension is for victims and tax professionals affected by last week’s Winter Storm Quinn and this week’s Winter Storm Skylar that primarily hit portions of the Northeast and Mid-Atlantic regions.

Business taxpayers that are unable to file their return by the due date of March 15 can request an automatic extension by filing Form 7004 on or before Tuesday, March 20.

The 7004 provides a six-month extension for returns filed by partnerships (Forms 1065 and 1065-B) and S corporations (Form 1120S).

Eligible taxpayers should write “Winter Storm Quinn” or “Winter Storm Skylar” on their 7004 extension request if filing this form on paper.

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