Federal tax filing deadline extended

Rep. Earl Pomeroy and Sens. Byron Dorgan and Kent Conrad announced Tuesday that the IRS has extended the tax filing deadline for individuals who own businesses in the counties declared a federal disaster area for Individual Assistance.

“Relief from the looming tax-filing deadline is welcome news for businesses across North Dakota who have been affected by the floods,” the delegation said in a joint statement. “Many businesses were forced to close their doors for several days, and have suffered significant hardships as a result of the floods. Having another month to file their taxes will allow these businesses the extra time they need to get their books in order once the waters recede.”

Following severe storms and flooding on March 24, 2009, the president declared Adams, Barnes, Billings, Burleigh, Cass, Dickey, Emmons, Foster, Grand Forks, Griggs, Hettinger, Kidder, LaMoure, Logan, McIntosh, Mercer, Morton, Nelson, Ransom, Richland, Sargent, Steele, Stutsman, Towner, Traill and Williams counties a federal disaster area qualifying for Individual Assistance.

As a result, the IRS is postponing until May 15 certain deadlines for taxpayers who reside or have a business in the disaster area. The postponement applies to return filing, tax payment and certain other time-sensitive acts otherwise due between March 13 and May 15.

In addition, the IRS will waive the failure to deposit penalties for employment and excise deposits due on or after March 13, 2009, and on or before March 30, 2009, as long as the deposits were made by March 30, 2009.

Tags: news, tax, deadline