Victims of storms in South Dakota and Arkansas may qualify for filing and other tax relief, according to the Internal Revenue Service.
Victims of the severe storms, tornadoes, straight-line winds, and flooding that began on March 13 South Dakota may qualify, with individuals and households who reside or have a business in Bennett, Bon Homme, Charles Mix, Dewey, Hutchinson, Jackson, Mellette, Minnehaha, Oglala Lakota, Todd, Yankton, Ziebach Counties, the Cheyenne River Sioux Reservation, the Pine Ridge Reservation and the Rosebud Reservation potentially eligible.
The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after March 13 and before July 15 are granted time to file through July 15, 2019. This includes the quarterly estimated income tax payment due on June 17. Penalties on payroll and excise tax deposits due on or after March 13 and before March 28 will be abated as long as the tax deposits were made by March 28, 2019.
In Arkansas, victims of the severe storms and flooding that took place on May 21 may qualify, with individuals who reside or have a business in Conway, Crawford, Faulkner, Jefferson, Perry, Pulaski, Sebastian and Yell counties potentially eligible.
Certain deadlines falling on or after May 21 and before Sept. 30 are granted time to file through Sept. 30, 2019. This includes the quarterly estimated income tax payment due on June 17, 2019, as well as the employment and excise tax returns due on July 31, 2019.
Penalties on payroll and excise tax deposits due on or after May 21 and before June 5 will be abated as long as deposits were made by June 5, 2019.
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 that falls within the postponement period, the taxpayer should call the number on the notice to have the IRS abate the penalty.
The IRS automatically identifies taxpayers in covered disaster areas and applies filing and payment relief. Affected taxpayers who reside or have a business outside the covered disaster area should call the IRS at (866) 562-5227 to ask for this relief.
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