The Internal Revenue Service is
providing tax relief to individual and business taxpayers impacted by severe
storms, flooding, landslides and mudslides in Colorado.
The IRS announced today that
certain taxpayers in the counties of Adams, Boulder, Larimer and Weld will
receive tax relief, and other locations may be added in coming days following
additional damage assessments by the Federal Emergency Management Agency
(FEMA).
The tax relief postpones certain
tax filing and payment deadlines to Dec. 2, 2013. It includes corporations and
businesses that previously obtained an extension until Sept. 16, 2013, to file
their 2012 returns and individuals and businesses that received a similar
extension until Oct. 15. It also includes the estimated tax payment for the
third quarter of 2013, which would normally be due Sept. 16.
The IRS automatically identifies
taxpayers located in the covered disaster area and applies automatic filing and
payment relief. But affected taxpayers who reside or have a business located
outside the covered disaster area must call the IRS disaster hotline at
866-562-5227 to request this tax relief.
Practitioners located in the
covered disaster area who maintain records necessary to meet a filing or
payment deadline for multiple taxpayers outside the disaster area may contact
the IRS to identify such clients using the procedures
described on the IRS website.
Full details, including
information on how to claim a disaster loss by amending a prior-year tax
return, can be found in IRS.gov. The IRS encourages taxpayers and tax
practitioners to monitor the Tax
Relief in Disaster Situations in IRS.gov for updates.