The tragedy at the Boston Marathon, which left at least three people dead and 17 critically wounded, will not be softened by news from the Internal Revenue Service (IRS). Still, the agency did the right thing by offering those affected by the explosions tax filing and payment extensions. The official press release says:
Our hearts go out to those affected by the terrible tragedy. Boston-area taxpayers need time to finish their tax returns without worry. The IRS will be providing individual tax filing and payment extensions.
Details are expected to be released later today (4/16) and will be updated here.
The Massachusetts state tax filing deadline was already extended by one day due to the state’s recognition of the Patriots’ Day holiday. It is unclear whether the Massachusetts Department of Revenue will follow suit on the IRS’ extensions.
JDKatz, P.C. is a full-service law firm focused on tax law and estate planning. We are dedicated to minimizing your existing liability and risks while providing valuable tax planning to streamline your tax issues in the future. Please call us at 301-913-2948 to schedule an appointment to meet with one of our trusted attorneys.