ICE ROAD TRUCKERS
The IRS has provided truckers with a three-month extension for their highway use tax return. Typically due by August 31st, truckers now have until November 30th. This extension was granted because the highway use tax is currently scheduled to expire on September 30, 2011. Hopefully the additional time will help alleviate confusion and possible multiple filings that may result if Congress reinstates or modifies the tax after that date.
GOOD NIGHT IRENE
Interruptions caused by Hurricane Irene motivated the IRS to delay the final end date for the voluntary disclosure program for taxpayers with offshore accounts. This IRS provided reprieve for filing the required information or for seeking a 90-day extension, from August 31 to September 9, is for those taxpayers making a 'good faith' effort to comply. The updated voluntary disclosure initiative information is available on the IRS website.
Find more information by following this link: http://www.irs.gov
Disclaimer: Tax advice contained herein was not written to be used and cannot be used to avoid payment of taxes or to avoid penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions. All information provided is for illustrative purposes only. You should contact an accountant, tax preparer or tax attorney for advice or information specific to your situation. This information is not to be used as a directive.
