TaxConnections Blog PostIf you have been impacted by a disaster in your area like many of my friends most recently here in Colorado due to flooding as defined by FEMA and identified by our President causing you to be unable to meet your tax obligations the IRS may be able to assist you with payment and filing extensions, and if qualified, even with an expedited tax refund for casualty losses. President Obama last month declared the counties in Colorado Federal Disaster Areas:  Adams, Arapahoe, Boulder, Clear Creek, Crowley, Denver, El Paso, Fremont, Gilpin, Jefferson, Lake, Larimer, Lincoln, Logan, Morgan, Sedgwick, Washington and Weld.

If you reside or have a business in these counties may qualify for tax relief as the President’s declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area.

Specifically you need to know that deadlines falling on or after Sept. 11, and on or before December 2, 2013, have been postponed to December 2, 2013. This includes the quarterly estimated tax payment that was due on September 16. It also includes the due date of September 16 for calendar year corporations and partnerships that received extensions of time to file. Read More