In the face of the unexpected grave tragedy of Sept. 11th, 2001, the Internal Revenue Service and the Treasury Department have unanimously agreed to offer tax relief to individuals and business taxpayers who won’t be able to meet their federal tax obligations. This doesn’t restrict the taxpayers to the areas that were affected or declared disaster areas but every individual in any part of the country who was affected by this tragedy and the toll that it took on their business or self, “…relief workers, the victims on the airplanes, taxpayers whose place of employment is in a disaster area, and taxpayers with records maintained in a disaster area.”
All five boroughs of New York City and the North Arlington area, home to the pentagon, were all declared disaster areas by the president. Any taxpayers residing in these areas or those with places of business or work, records are assured of the tax relief. In the IRS news release:
“Affected taxpayers who have an original filing deadline between September 11,
2001, and November 30, 2001, have an additional six months plus 120 days of time tofile that return and make any payment due with that return. Taxpayers who are currently on an extension that expires between September 11, 2001, and November 30, 2001, will have an additional 120 days to file that return.
Affected individual taxpayers who face an estimated tax payment date on
September 17, 2001 may postpone that payment by including the amount with their final estimated payments for Tax Year 2001, which are due on January 15, 2002.
Affected corporate taxpayers who face an estimated tax payment after
September 10, 2001, and before January 15, 2002, may postpone that payment until Jan. 15, 2002.”
All returns filed by affected taxpayers should have a heading in red ink on all pages of their tax return, “September 11, 2001 Terrorist Attack.” Plus all the taxpayers with any criminal action pending against them from the IRS or any seizures, summonses, and levies, have all action against them suspended for six months if they were affected by this tragedy.
IRS is working diligently in solving the tax administrative problems that have sprang up from everywhere due to the unprecedented scope of this tragedy.