Delaying Taxes

     WASHINGTON (CN) – More taxpayers may take advantage of the IRS’ allowing those in combat and disaster to delay in making certain tax deadlines, according to a new regulation.

     Previously, the Internal Revenue Service could ignore deadlines for certain acts for up to a year when a taxpayer’s address was in an area of combat or a federally declared disaster. This regulation allows postponement if the taxpayer was in a disaster area when the event occurred, was injured or killed during that time, or the records used to prepare a tax document are in the disaster area.
     The tax filing due date does not change, so due dates relied on in other statutes remain the same.
     Click the document icon on the front page for details and links to the regulations. The document icon under the “FAA, IRS & More” heading leads to other new regulations.

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