Ed Bove-Tax Express Blog

Tax Season Never Really Ends

It's true that April 15th has come and gone.  And so it seems that another tax season has ended.  But has it really?

Consider this:

• As I stated in a previous blog entry, residents of 12 New Jersey counties have until May 11th to file their tax returns;
• Taxpayers who filed for extensions have until Oct. 15th to complete their returns;
• People often realize after they've already filed their returns, that they left out something important.  And so they need to file an amended tax return to include the missing information.

If you fall into any of these categories, please remember that Tax Express is open and available to help year-round.  Unlike most of our competitors, we don't close up shop and disappear after April 15th.

Now we don't keep the same crazy hours in the off-season that we do during tax season, but we are available if you require help.

So if you need any additional tax services, please call our office at (908) 686-8600 and we'll be glad to schedule an appointment for you. 

Soaked New Jersey Residents Get Extra Time To File Tax Returns

People who live or have a business in storm ravaged areas of New Jersey are getting extra time to file their federal and state tax returns.

The IRS has announced that it will postpone the filing deadline until May 11 for taxpayers in parts of New Jersey that were declared federal disaster areas following last months severe storms and floods.

The NJ Division of Taxation has stated it will follow the IRS' lead and give affected residents the same deadline for filing their state tax returns.  The New York State Department of Taxation indicated that it would provide tax relief for flood victims as well.

The disaster area covers 12 New Jersey counties, including Atlantic, Bergen, Cape May, Essex, Gloucester, Mercer, Middlesex, Monmouth, Morris, Passaic, Somerset and Union.

The IRS indicated that its computer systems will automatically identify taxpayers located in the covered disaster area and apply automatic filing and payment relief.  Affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 1-866-562-5227 to request tax relief.

The NJ Division of Taxation stated that "If you are affected by the storms and the due date for filing your return and for paying your tax is postponed by the Division of Taxation, you are eligible for interest and penalty abatement on underpaid tax that would otherwise accrue for the period of the postponement."

For more information on tax relief for storm and flood victims click on the following links:

IRS News Release on Tax Relief For Flood Victims

NJ Division of Taxation News Release