At Mary Jo Walker, EA we do not want to extend the filing of 2010 extended returns nor do we want to encourage later payments of the Sept 15 estimated tax payment date unless it is absolutely necessary. However, there are options: This is recent news from the IRS and State of CT DRS relating to tax filings and Hurricane Irene:
The President has declared the following counties a federal disaster area: Fairfield, Hartford, Litchfield, Middlesex, New Haven, New London, Tolland and Windham. Individuals who reside or have a business in these counties may qualify for tax relief.
The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Aug. 27, and on or before Oct. 31, have been postponed to Oct. 31, 2011. This includes corporations and other businesses that previously obtained an extension until Sept. 15 to file their 2010 returns, and individuals and businesses that received a similar extension until Oct. 17. It also includes the estimated tax payment for the third quarter, normally due Sept. 15.
Following the Presidential Disaster Declaration for Connecticut and filing and tax payment extensions announced by the Internal Revenue Services (IRS), the Connecticut Department of Revenue Services (DRS) announced additional state extensions that mirror certain federal extensions.