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IRS says storm-affected businesses can request tax filing extension

Businesses and tax professionals impacted by this week's snowstorm have until March 20 to request a six-month extension to file their federal income tax returns, the Internal Revenue Service said.

Businesses that were unable to file their returns by Wednesday's due date can request an automatic extension by filing Form 7004, available on IRS.gov. Taxpayers asking for the extension should write "Winter Storm Stella" on the form.

Sen. Charles Schumer had asked IRS commissioner John Koskinen to grant a filing extension, citing the disruptions caused by a March 8 windstorm and this week's snowstorm. “I have been contacted by my constituents who have brought to my attention that without power or the needed workers, many businesses and CPA advisors in the region will be unable to transmit tax returns to the IRS by (Wednesday),” he wrote to Koskinen.

The IRS said it "will continue to monitor conditions and provide additional relief if circumstances warrant."

 

 

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