IRS Extends Tax Deadline to May 11 for Some counties in NJ Affected By storms and flooding


April 5- New Jersey Severe Storm and Flooding Victims Have Until May 11
to File Their Tax Returns. Casualty losses due to storms may be deducted
from either 2009 or 2010 returns.
formatting link
,,id"0998,00.html
Reply to
njoracle
The only problem I have is with Turbotax and efiling in NJ. Under normal circumstances, TT requires efiling Fed and NJ at the same time. I owe a bunch to the Fed but only about $20 to NJ so I'd like to efile late. If I delay the efiling to May 11 BUT NJ still requires it by 4/15, presumably I will owe a penalty to NJ. Anyone know how to compute the penalty for late efiling in NJ?
Reply to
njoracle
Here's what NJ says about disaster areas:
It is the New Jersey Division of Taxation?s general policy to follow the guidelines provided by the IRS for special tax relief for taxpayers in the Presidential Disaster Relief Areas. The relief granted to affected taxpayers is limited in time to the periods during which emergencies actually occurred and/or during which relief and recovery activities were on going. Affected taxpayers include businesses and individuals located in the affected areas, those whose tax records are in the affected areas, and relief workers.
So... contact the NJ Div. of Taxation and see if they issued the directive to follow the feds.
Reply to
Alan
Great!. Many thanks for your reply. I will visit the NJ web site and keep an eye out for any notice that they will be following the IRS guidelines.
Reply to
njoracle
And it's totally messing up FY 2011 budget projections (FY starts July 1) because of delays in collecting both income tax and sales tax (neither of which existed prior to 1966, but that's another story).
Reply to
Stan K

Site Timeline Threads

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.