Due to the damage caused by the severe storms and flooding in Illinois on July 22, 2010, President Barack Obama declared the following counties a federal disaster area: Carroll, Cook, DuPage, Jo Daviess, Ogle, Stephenson and Winnebago.
Declaration Leads to Extension of Payroll Tax and Other Deadlines
Therefore, the Internal Revenue Service (IRS) announced recently that it will waive failure to deposit penalties for employment and excise taxes due after July 21, 2010 and before August 7, 2010 as long as the deposits were made by August 6, 2010. In addition, affected taxpayers have until September 20, 2010 to file most tax returns.
Vision Payroll is Here to Help Affected Taxpayers with Payroll Tax Issues