The Internal Revenue Service is to grant relief to those affected by the black-out that engulfed a large swathe of the north eastern United States last week, by allowing them an additional week to file tax returns that were due by the August 15 deadline.
“We recognize that individuals and businesses will need time to recover after the power is restored, which is why we are granting this additional time,” IRS Commissioner Mark W. Everson said in a statement. However, the Revenue said that it is unable to abate interest on overdue payments in this period.
Also, the IRS informed taxpayers that it cannot extend the deadline relating to employment and excise deposits.
"For the purposes of this tax relief, affected taxpayers include individuals and businesses located in the blackout area, and those whose tax records, including records needed for tax deposits, are located in the area of the power blackout," the IRS explained.
To qualify for the one week extension, applicants must write "Northeast Blackout" in red ink at the top of their tax return.
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