Tax filing and payment instruction for Counties affected by Oklahoma Tornado

The IRS has announced relief from filing and payment deadlines for victims of the destructive tornadoes in Oklahoma. The relief applies to filing and payment deadlines which began on May 18 and has been extended till Sept 30. 

The list includes:

1. June 17 and Sept. 16 deadlines for estimated tax payments.
2. July 31 deadline for second quarter payroll and excise tax returns.
3. Sept. 3 deadline for truckers’ highway use tax returns.

Because the tornado’s damage was so widespread, the relief has now been granted for individuals and businesses in Lincoln, McClain, Cleveland,Oklahoma & Pottawatomie counties in Oklahoma.

Source: http://www.asktaxguru.com/8079-tax-filing-payment-instruction-counties-affected-oklahoma.html

IRS Announces Three-Month Filing, Payment Extension Following Boston Marathon Explosions

The Internal Revenue Service today announced a three-month tax filing and payment extension to Boston area taxpayers and others affected by Monday’s explosions.

Per the IRS, this relief applies to all individual taxpayers who live in Suffolk County, Mass., including the city of Boston. It also includes victims, their families, first responders, others impacted by this tragedy who live outside Suffolk County and taxpayers whose tax preparers were adversely affected.

Our hearts go out to the people affected by this tragic event," said IRS Acting Commissioner Steven T. Miller. "We want victims and others affected by this terrible tragedy to have the time they need to finish their individual tax returns."

Under the relief announced today, "the IRS will issue a notice giving eligible taxpayers until July 15, 2013, to file their 2012 returns and pay any taxes normally due April 15. No filing and payment penalties will be due as long as returns are filed and payments are made by July 15, 2013. By law, interest, currently at the annual rate of 3 percent compounded daily, will still apply to any payments made after the April deadline."

Furthermore, "the IRS will automatically provide this extension to anyone living in Suffolk County. If you live in Suffolk County, no further action is necessary by taxpayers to obtain this relief. However, eligible taxpayers living outside Suffolk County can claim this relief by calling 1-866-562-5227 starting Tuesday, April 23, and identifying themselves to the IRS before filing a return or making a payment. Eligible taxpayers who receive penalty notices from the IRS can also call this number to have these penalties abated."

Eligible taxpayers who need more time to file their returns may receive an additional extension to Oct. 15, 2013, by filing Form 4868 by July 15, 2013.

Source:http://www.asktaxguru.com/7993-irs-announces-three-month-filing-payment-extension.html

Filing California 540 or 540NR?

AskTaxGuru.com Junior Member, dhurandhar, asked:

Hi,

My wife and I are filing our taxes jointly for 2010. I was a resident of California in 2010. However, my wife was not a resident and all her income was from a different state. My question is:

1) Should I use Form 540 or 540NR for California tax return?
2) I should be able to deduct her income from California taxable income, shouldn't I? (we are already paying taxes in the other state for her portion of the income)

Thanks!