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Today’s Top Headlines

IRS Offers Storm-Hit Firms More Time To Request Filing Deferral

by Mike Godfrey,, Washington

16 March 2017

The Internal Revenue Service has granted those businesses affected by Winter Storm Stella additional time to request a six-month extension to file their 2016 federal income tax returns.

Taxpayers can request a six-month extension to their filing deadline if they file Form 7004 before March 20. The original deadline had been March 15. Form 7004 provides a six-month extension for returns filed by partnerships (Forms 1065 and 1065B) and S corporations (Forms 1120S).

The IRS said eligible taxpayers hoping to take advantage of this relief should write "Winter Storm Stella" on their Form 7004 extension request if filing Form 7004 by paper. It noted the fastest and easiest way to get an extension is to file this form electronically.

TAGS: tax | business | accounting | Internal Revenue Service (IRS) | United States | Tax

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