If you live or have a business in one of the Louisiana or Mississippi locations that was hit by Hurricane Isaac and has been declared a disaster area, the IRS is giving you until January 11, 2013 to file your returns or to make your tax payments.
The returns and payments eligible for deferment are any which were due after August 26, 2012 and include
- Business returns with an extension until September 17th.
- Individual returns with an extension until October 15th.
- Third quarter estimated tax payment due September 17th.
The IRS will waive any interest, late-payment and late filing penalties on these returns and deposits. They will also waive penalties for late payments for federal employment and excise taxes as long as all payments are up to date by September 10th.
Currently the tax deferment applies to the following areas:
- In Louisiana: Ascension, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, St. Bernard, St. Charles, St. John the Baptist and St. Tammany parishes;
- In Mississippi: Hancock, Harrison, Jackson and Pearl counties.
If FEMA adds more locations to their disaster list, residents in those areas will be eligible for the delayed filing and paying dates also.
For more info:
IRS YouTube Video – Help for Disaster Victims (English version)
Podcast- Disaster Assistance (English Version)