Due to the damage caused by wildfires in Texas beginning on August 30, 2011, President Barack Obama declared the following counties a federal disaster area: Bastrop, Colorado, Gregg, Grimes, Houston, Leon, Montgomery, Travis, Walker, Waller, and Williamson. 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 29, 2011 and before September 15, 2011 as long as the deposits were made by September 14, 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
Contact Vision Payroll if you were affected by Texas wildfires and need further information on the relief provided by the IRS.