Articles

IRS Provides Winter Storm Victims with More Time to Request a Filing Extension by Flor Escudero, CPA


Posted on March 14, 2018

In consideration of the recent winter storms along the U.S.’s eastern seaboard, the IRS has granted businesses located in affected areas an extra five days to request an automatic filing extension.

Tax returns and requests for filing extensions for calendar-year partnerships and S Corporations are typically due on Thursday, March 15, 2018. However, with the IRS extension, business taxpayers located in the northeast and Mid-Atlantic states where winter storms Quinn and Skylar hit over the past few weeks will have until Tuesday, March 20, 2018, to file Form 7004 requesting an automatic six-month filing extension. While electronic filing of Form 7004 is the easiest and fastest option, businesses that choose to file on paper should write “Winter Storm Quinn” or “Winter Storm Skylar” on their extension requests.

The advisors and accountants with Berkowitz Pollack Brant work with domestic and international businesses across a broad range of industries to comply with tax laws while maximizing tax efficiency.

About the Author: Flor Escudero, CPA, is a senior manager of Tax Services with Berkowitz Pollack Brant, where she provides domestic and international tax guidance to businesses and high-net-worth individuals. She can be reached at the CPA firm’s Miami office at (305) 379-7000 or via email at info@bpbcpa.com.