Disaster Victims – 1040 Filing Date May Be November 15th !

Tax Tips

As we saw in the news, the month of
August this year, with various floods and storms, was certainly “disastrous” in
numerous states. Taxpayers affected by these disasters may be able to delay
filing their 1040 tax return until November.

 

The president can declare a major
disaster area as a “Presidential Disaster Area.” With such a declaration, taxpayers can get a
faster refund by claiming losses related to the disaster on the tax return for
the previous year, usually by filing an amended return. Also the IRS may extend
the due dates for their current returns and tax payments.

 

See the table below for the counties
that were declared as “Presidential Disaster Areas.” Also listed is the “new”
due date for filing returns and paying taxes with due dates falling on or after
the date of the disaster and November 15, 2007. If you live in one of these
areas or have a business located there, you are entitled to the extended due
dates.

 

If you filed Form 4868 to extend your
1040 filing date to October 15th (which falls between the two dates), you have
until November 15, 2007 to file your return.  Note: you will not be able to
electronically file your return; you must mail it. Also, be sure to check your state website to see
if your filing date has been extended for your state return.

 

Here is a list of the areas and the
extended due dates.

 

State

Counties

Date of Disaster

Extended due
dates

IL

Stephenson and
Winnebago

8/7/2007

11/15/2007

NY

King & Queens Co.

8/8/2007

11/15/2007

MN

Dodge, Fillmore, Houston, Olmsted,
Steele, Wabasha and Winona

8/18/2007

11/15/2007

OH

Allen, Crawford, Hancock, Hardin,
Putnam, 
Richland,
Seneca and Wyandot

8/18/2007

11/15/2007

OK

Blaine, Caddo, Canadian, Cleveland,
Comanche, Custer, Grady, Kingfisher, Kiowa, 
Okfuskee, Oklahoma, Okmulgee, Pottawatomie, Seminole and
Stephens

8/18/2007

11/15/2007

WI

Columbia, Crawford, Dane, Grant,
Green, Iowa, Jefferson, Kenosha, La Crosse, Racine, Richland, Rock, Sauk and
Vernon

8/18/2007

11/15/2007

IL

DeKalb, Grundy, Kane,  Lake, LaSalle and Will

8/20/2007

11/26/2007

ND

Grand Fork

8/26/007

11/15/2007

 

For additional information:

 

IRS Grants Tax Relief for
Illinois Storm, Flooding Victims

 

IRS Grants Tax Relief for
New York Storm, Flooding, Tornado Victims

 

IRS Grants Tax Relief for
Minnesota Storm, Flooding Victims

 

IRS Grants Tax Relief for
Ohio Storm, Flooding and Tornado Victims

 

IRS Grants Tax Relief for Oklahoma Storm, Flooding
Victims

 

IRS Grants Tax Relief for
Wisconsin Storm, Flooding Victims

 

IRS Grants Tax Relief for
North Dakota Tornado, Storm Victims

 

IRS Grants Tax Relief for
Minnesota Storm, Flooding Victims

 

IRS Grants Tax Relief for
Illinois Tornado, Storm Victims

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