Washington, DC, (April 17, 2013) IRS Acting Commissioner Steven T. Miller has announced a three-month tax filing and payment extension for victims of Monday’s explosions, their families, first responders and taxpayers whose return preparers were affected by the blasts. For these eligible taxpayers, taxes that were due April 15 may now be paid by July 15, 2013 without filing or payment penalties.
“IRS is giving those devastated by this tragedy a way to avoid paying penalties, but they must still pay interest, currently at the annual rate of 3 percent compounded daily, on payments that were not made by April 15,” explains Massachusetts Society of Enrolled Agents President Shantilal Patel, EA, an enrolled agent in Randolph, MA.
Taxpayers who are eligible for the extension, but still receive penalty notices from the IRS should call the number listed above to have the penalties removed.
The Massachusetts Department of Revenue has extended its state income tax deadline to at least April 23, 2013.
The National Association of Enrolled Agents (NAEA) is the professional society representing federally-licensed tax practitioners with unlimited rights to represent taxpayers before IRS. To find an enrolled agent in your area, visit the “Find an EA” directory at www.naea.org.