Due to the damage caused by Hurricane Irene in North Carolina beginning on August 25, 2011, President Barack Obama declared the following counties a federal disaster area: Beaufort, Carteret, Craven, Currituck, Dare, Halifax, Hyde, Lenoir, Onslow, Pamlico, Pitt, Tyrrell and Washington. Individuals who reside or have a business in these counties may qualify for tax relief.
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 August 24, 2011 and before September 10, 2011 as long as the deposits are made by September 9, 2011. In addition, affected taxpayers have until October 31, 2011 to file most tax returns.
Vision Payroll is Here to Help Affected Taxpayers with Payroll Tax Issues