N.Y. Flood Victims Get Further Extension

The Internal Revenue Service has granted further relief for taxpayers in New York State in the Presidential Disaster Area of Orange, Rockland and Westchester Counties that was struck by severe storms and flooding during the period from April 14-18, 2007. Deadlines for affected taxpayers to file returns, pay taxes and perform other time-sensitive acts falling on or after April 14, 2007, and on or before June 23, 2007, have been postponed to June 23, 2007. In addition, the IRS will waive the failure to deposit penalty for employment and excise deposits due on or after April 14, 2007, and on or before April 30, 2007, so long as the deposits are made by April 30.

IRS computer systems now automatically identify taxpayers located in the covered disaster area and apply automatic filing and payment relief. Taxpayers within the covered disaster area no longer need to self-identify by writing on their returns or using the disaster designation in their tax software. Taxpayers outside the covered disaster area should call the IRS disaster hotline at (866)-562-5227 to self-identify for disaster relief.

This latest extension follows a two-day extension from the original April 17 date to April 19, and then an additional seven-day extension to April 26 for taxpayers "across the Northeast" who were affected by the storms. These previous extensions were granted without identifying or limiting the relief to particular states, and required affected taxpayers to mark paper returns with the words "April 16 Storm."

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