Due to the damage caused by the severe storms, tornadoes, straight-line winds, and associated flooding, in Tennessee on April 25, 2011, President Barack Obama declared the following counties a federal disaster area: Bledsoe, Bradley, Carroll, Cocke, Crockett, Greene, Hamilton, Hardin, Henry, Johnson, Knox, McMinn, Madison, Monroe, Montgomery, Rhea and Washington.
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 April 24, 2011 and before May 11, 2011 as long as the deposits were made by May 10, 2011. In addition, affected taxpayers have until June 30, 2011 to file most tax returns.
Vision Payroll is Here to Help Affected Taxpayers with Payroll Tax Issues