KY Taxpayers Receive Extension of Time to File Returns and Pay Taxes
Due to the severe storms, flooding, and mudslides in Kentucky beginning July 17, 2010, President Barack Obama declared the following counties a federal disaster area: Carter, Lewis, Madison, Mason, Pike, and Rowan. Therefore, the Internal Revenue Service (IRS) announced recently that it will waive failure to deposit penalties for employment and excise taxes due after July 16, 2010 and before August 3, 2010 as long as the deposits are made by August 2, 2010. In addition, affected taxpayers will have until September 15, 2010 to file most tax returns. Contact Vision Payroll if you were affected by the severe storms, flooding, and mudslides and need further information on the relief provided by the IRS.
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