IRS Gives East Coast Residents a Break — New York Real Estate

IRS Gives East Coast Residents a Break

by Raja Tayeb on April 5, 2010

taxes

The Internal Revenue Service announced last week that it is giving taxpayers who were hit by storms last month an extra month to file their taxes.

Residents of Massachusetts, Rhode Island and West Virginia who live in areas declared federal disaster areas as a result of storms and flooding since March 12 are eligible for the extension.

Those receiving the extension have the option of claiming losses due to flooding on either their 2009 or their 2010 taxes. The extension applies to returns, taxes due and contributions to 2009 Individual Retirement Account contributions.


Source: Bloomberg, Margaret Collins (04/01/2010)

Posted via web from New York Real Estate Access | Real Estate Blog

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One Response to IRS Gives East Coast Residents a Break — New York Real Estate

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