The IRS’s June 6 announcement set Nov. 1, 2024, as the new deadline for affected taxpayers in covered Iowa counties to file returns and make payments originally due from May 20 through Oct. 31. The extension also covers quarterly estimated payments due June 17 and Sept. 16, plus payroll and excise returns normally due July 31 and Oct. 31. [story-s1]
For businesses, the change reaches beyond income-tax paperwork: the release says penalties on payroll and excise deposits due May 20 through June 3 will be abated if the deposits were made by June 4. The IRS says it automatically identifies taxpayers in covered counties; eligible businesses outside the area whose records are there must contact the agency to request relief. [story-s1]
The announcement was later updated as counties were added, so eligibility depends on the locality list in the current release rather than Iowa residence alone. Businesses should check the current covered-area list and the original due dates before relying on the extension. [story-s1]
Source documents
- IRS announces tax relief for taxpayers impacted by severe storms, tornadoes, and flooding in Iowahttps://www.irs.gov/newsroom/irs-announces-tax-relief-for-taxpayers-impacted-by-severe-storms-tornadoes-and-flooding-in-iowa