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| IRS Gives Some Biz Taxpayers More Time To File Extensions |
| 2017-03-16 |
| I woke up at 5:15 this morning realizing I forgot to file one set of extensions, so I got them out a few minutes later. Around high noon both the IRS and the Mass. DOR accepted both of them, so I thought I got one past them both. But noooo! WASHINGTON -- The Internal Revenue Service today granted many businesses affected by this week’s severe winter storm additional time to request a six-month extension to file their 2016 federal income tax returns. The IRS is providing this relief to victims and tax professionals affected by this week’s storm (known as Winter Storm Stella) that hit portions of the Northeast and Mid-Atlantic. Business taxpayers who are unable to file their tax return by today’s due date (March 15, 2017) can request an automatic extension by filing Form 7004, available on IRS.gov, on or before March 20, 2017. Form 7004 provides a six-month extension for returns filed by partnerships (Forms 1065 and 1065B) and S corporations (Forms 1120S). Eligible taxpayers taking advantage of this relief should write "Winter Storm Stella" on their Form 7004 extension request (if filing Form 7004 by paper). As always, the fastest and easiest way to get an extension is to file this form electronically. The IRS will continue to monitor conditions and provide additional relief if circumstances warrant. |
| Posted by:Raj |