The IRS has provided a three-month extension of time to file and pay tax for individuals who were affected by the Boston Marathon explosions that occurred on April 15, 2013. Those affected include persons who were participating in the race as well as spectators. The closure of streets after the explosion to allow investigation and pursuit of suspects disrupted business activity in the area and potentially the ability of some taxpayers and return preparers to access their files.
Time is extended for the filing of 2012 tax returns and payment of tax due on those returns until July 15, 2013. No addition to tax for late filing or payment will be imposed on affected individuals, provided they file their returns and pay any tax due by July 15, 2013, regardless of whether the individual requested an extension of time to file. However, interest will apply to any payments made after the April due date for payment.
The relief applies to all individuals who live in Suffolk County, Massachusetts, including the City of Boston, victims of the explosions, their families, first responders, others impacted by the tragedy who live outside Suffolk County, and taxpayers whose tax return preparers were adversely affected. The relief applies automatically to those living in Suffolk County, and may be requested by other eligible taxpayers by calling 1-866-562-5227 starting Tuesday April 23, and identifying themselves to the IRS before filing a return or making a payment. Affected individuals who have a filing or payment requirement other than one arising from the Form 1040 series from April 15, 2013, to April 19, 2013, inclusive, may also receive relief. These taxpayers should call 1-866-562-5227 if they receive a notice requesting payment of additions to tax in order to have the additions abated.
Should you have any questions please contact our office.
Pursuant to IRS Circular 230 regulation: "Any tax advice expressed was not intended or written to be used, and cannot be used, by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. If this advice was written to support the promotion or marketing of partnership or other entity, investment plan, or arrangement to any taxpayer then the advice was written to support the promotion or marketing of the matters addressed by the written advice and the taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax adviser."