The Internal Revenue Service (IRS) has announced that they will be extending some tax filings for residents affected by flooding in certain parishes in Louisiana until early February 2025. This extension applies to individuals and businesses affected by the August floods in Acadia, Ascension, East Baton Rouge, Iberia, Lafayette, Livingston, St. Landry, St. Martin, St. Tammany, Tangipahoa, and Vermilion parishes.
Taxpayers in these parishes will now have until February 2, 2025, to file various tax returns, including individual income tax returns, partnership returns, S-Corp returns, trust returns, and estate returns that are currently on extension. The IRS is also providing relief for quarterly estimated income tax payments due on January 15, 2025.
The extension aims to provide some relief to those affected by the flooding and give them more time to gather the necessary documents and information to file their taxes accurately. It is important for eligible taxpayers to take advantage of this extended deadline to avoid any penalties for late filing.
Taxpayers in the affected parishes will automatically qualify for the filing and payment relief, so they do not need to take any additional steps to request it. The IRS will also work with any taxpayers outside of these parishes who may have been impacted by the flooding on a case-by-case basis to provide assistance.
Overall, this extension is a welcome relief for individuals and businesses in the affected parishes who are dealing with the aftermath of the flooding. Taxpayers should make sure to take note of the new deadline and ensure they have all the necessary information to file their taxes accurately and on time.
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