New Mexico fire victims get tax relief
Victims of the wildfires and straight-line winds that started in New Mexico on April 5 now have until late summer to file various federal personal and business returns and make income tax payments. taxes.
Following the recent disaster declaration issued by the Federal Emergency Management Agency, the IRS has provided relief to affected individuals and households who reside or have businesses in Colfax, Lincoln, Mora, San Miguel and Valencia.
Certain tax filing and payment deadlines falling on or after April 5 and before August 31 are extended to August 31. because the tax deposits were made before August 31st.
If an affected taxpayer receives a penalty notice from the IRS for late filing or late payment whose initial or extended filing, payment, or filing due date falls within the deferral period, they should call the number listed on the notice for the IRS to reduce the penalty.
The IRS automatically identifies taxpayers located in the covered disaster area and applies a reporting and payment exemption. Affected taxpayers outside of the covered disaster area should call (866) 562-5227 to request relief.