By Pension and Benefits Editorial Staff
The IRS has announced tax relief for taxpayers who reside or have a business in the federal disaster areas of Acadia, Allen, Beauregard, Calcasieu, Cameron, Grant, Jackson, Jefferson Davis, Lincoln, Natchitoches, Ouachita, Rapides, Sabine, Vermillion, Vernon, and Winn parishes in Louisiana, which were affected by Hurricane Laura that began August 22, 2020 . The relief extends until December 31, 2020 deadlines for filing various returns, including filing returns and paying taxes otherwise due during the period of August 22, 2020, and before December 31, 2020. This means individuals who had a valid extension to file their 2019 return due to run out on Oct. 15, 2020, will now have until December 31, 2020, to file. The IRS noted, however, that because tax payments related to these 2019 returns were due on July 15, 2020, those payments are not eligible for this relief.
In addition, penalties on payroll and excise tax deposits due on or after August 22, 2020 and before September 8, 2020 will be abated as long as the deposits were made by September 8, 2020.
Source: IRS News Release IR-2020-197.
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