Isaacson Isaacson
Sheridan & Fountain, LLP
101 W. Friendly Ave., Suite 400
Greensboro, NC 27401 
(336)  275-7626

 October 25, 2010
photo of Desmond
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The following alert is from Desmond Sheridan.

IRS extends deadline for disaster victims in North Carolina

 

Victims of recent severe storms and flooding in North Carolina have more time to make tax payments and file returns if they are affected taxpayers in counties that have been designated as federal disaster areas.

 

What may be postponed. IRS gives affected taxpayers until the extended date to file most tax returns (including individual, estate, trust, partnership, C corporation, and S corporation income tax returns; estate, gift, and generation-skipping transfer tax returns; and employment and certain excise tax returns), or to make tax payments, including estimated tax payments, that have either an original or extended due date falling on or after the onset date of the disaster, and on or before the extended date.

 

The following North Carolina counties are federal disaster areas qualifying for individual assistance on account of severe storms, flooding, and straight-line winds beginning on September 27: Beaufort, Bertie, Brunswick, Craven, Hertford, Jones, Pender, Pitt, Onslow and Tyrrell counties.

 

For these North Carolina counties, the onset date of the disaster was Sept. 27, 2010, the extended date is Nov. 26, 2010.  This means that residents of these counties with filing due dates between September 27, 2010 and November 26, 2010, get extensions to file until November 26, 2010.  For example, the extended due date for many individual returns was October 15, 2010.  These taxpayers now have until November 26, 2010.


About the Writer

Desmond G. Sheridan is a partner in the Greensboro law firm of Isaacson Isaacson Sheridan & Fountain, LLP and is a certified public accountant.  His practice areas are business transactions, tax, corporations, limited liability companies, commercial real estate and estate planning.  Sheridan has served on the Board of Directors of the North Carolina Association of Certified Public Accountants and has been recognized as a "Best Lawyer in America," a North Carolina "Super Lawyer" and a member of the "Legal Elite" by Business North Carolina.  He has given numerous continuing education presentations to CPAs and attorneys.

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Isaacson Isaacson Sheridan & Fountain, LLP

101 W. Friendly Ave, Suite 400
Greensboro, North Carolina 27401
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