Due to the damage caused by flooding in Missouri beginning on June 1, 2011, President Barack Obama declared the following counties a federal disaster area: Andrew, Atchison, Buchanan, Holt, Lafayette and Platte.
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 May 31, 2011 and before June 17, 2011 as long as the deposits were made by June 16, 2011. In addition, affected taxpayers had until August 1, 2011 to file most tax returns.
Vision Payroll is Here to Help Affected Taxpayers with Payroll Tax Issues