A few
days late – but better late than never.
* From
the IRS “Hawaii wildfire victims qualify for tax relief; Oct. 16 deadline,other dates postponed to Feb. 15” -
“The
tax relief postpones various tax filing and payment deadlines that occurred
from Aug. 8, 2023, through Feb. 15, 2024 (postponement period). As a result,
affected individuals and businesses will have until Feb. 15, 2024, to file
returns and pay any taxes that were originally due during this period.
This
means, for example, that the Feb. 15, 2024, deadline will now apply to:
Individuals
who had a valid extension to file their 2022 return due to run out on Oct. 16,
2023. The IRS noted, however, that because tax payments related to these 2022
returns were due on April 18, 2023, those payments are not eligible for this
relief.
Quarterly
estimated income tax payments normally due on Sept. 15, 2023, and Jan. 16,
2024.
Quarterly
payroll and excise tax returns normally due on Oct. 31, 2023, and Jan. 31,
2024.
Calendar-year
partnerships and S corporations whose 2022 extensions run out on Sept. 15,
2023.
Calendar-year
corporations whose 2022 extensions run out on Oct. 16, 2023.
Calendar-year
tax-exempt organizations whose extensions run out on Nov. 15, 2023.
In
addition, penalties for the failure to make payroll and excise tax deposits due
on or after August 8, 2023, and before September 7, 2023, will be abated as
long as the deposits are made by Sept. 7, 2023.”
* Also
from the IRS – “Reminder to employers and employees: Educational assistance programs can be used to help pay workers’ student loans; free IRS webinar will offer details”.
* And a
reminder from the NJ DIVISION OF TAXATION – “Parents, Students, and Educators:Take Advantage of NJ’s Back-to-School Sales Tax Holiday”.
* Finally,
a reminder from me – “This I Know To Be True”.
* The
NATP BLOG answers a question I was often asked years ago, when I was the
accountant for the NJ Center for Visual Arts in Summit NJ, in its latest “You make the call” post.
TTFN
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