Post-Sandy tax relief


| mhayes@queenscourier.com |

Some good news is here for the victims of Superstorm Sandy. With many other problems at the forefront, the New York State Department of Taxation and Finance, and also the Internal Revenue Service (IRS) are giving taxpayers a bit of a break on their payments.

The Department of Taxation and Finance announced on Thursday, November 15 the additional extension of certain tax filing and payment deadlines for those directly affected by the storm.

President Barack Obama has declared Bronx, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Sullivan, Suffolk, Ulster and Westchester Counties to be federal disaster areas.

The IRS declaration permits the organization to postpone certain deadlines for taxpayers who reside or have a business in the disaster area to February 1, 2013. Excise tax deposits have also been moved to November 26, 2012.

Additionally, the NYS Department of Taxation and Finance has extended its deadline for tax payments and filings, beginning October 26, to November 26. For more information on the department’s newly instated tax relief, storm victims can visit www.tax.ny.gov, and see document N-12-16.

The IRS has automatically identified taxpayers in the covered disaster area and applies automatic filing and payment relief, but those outside of the federally-declared area can call the IRS disaster hotline at 1-866-562-5227 to request tax relief. In addition, taxpayers may download forms and publications from the IRS website, irs.gov, or order them by calling 1-800-TAX-FORM (829-3676).