Wednesday, April 18, 2007

IRS: Six-Month Extension To File For Those Affected At Virginia Tech

The Internal Revenue Service today granted a six-month tax filing and payment extension to those affected by the shootings Monday at Virginia Tech, in Blacksburg, Va. This relief applies to the victims, their families, emergency responders and university students and employees.

“Taxes are the last thing the Virginia Tech family should be worried about at this time,” IRS Commissioner Mark W. Everson said. “Our hearts go out to the people affected by this tragic event.”

The relief announced today allows taxpayers affected by the events at Virginia Tech to have until Oct. 15, 2007, to file and make payments associated with their 2006 individual tax returns due April 17. No filing and payment penalties will be due for those who qualify for this extension as long as the returns are filed and payments are made by Oct. 15, 2007.

In order to claim this relief, taxpayers need to call the IRS at 1-866-562-5227 and identify themselves to the IRS before they file and or make payment.

Please note that taxpayers with questions not related to the Virginia Tech situation should visit IRS.gov or contact the regular IRS toll-free number at 1-800-829-1040.
It's nice to see the IRS take this step. However, I can't help but notice that they only provided a 48-hour reprieve for those affected by the Nor'easter, where you might have hundreds or thousands of people who were flooded out of their homes and/or lost their paperwork in flooding. I expect that the IRS will issue yet more extensions to handle the Nor'easter situation, but they should have done a better job from the outset - just as they properly handled the Virginia Tech situation

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