Several federal and state tax payments deadlines have been postponed since parts of Indiana were declared a federal disaster area.
Tom Bayer, a CPA with Sikich LLP, says the tax relief available to Hoosiers following the August flooding in Indiana applies to 21 counties. He says the declaration provided eligible taxpayers with additional time to file certain tax returns and make payments without incurring penalties or interest.
Bayer says under the relief guidance, eligible taxpayers with filing deadlines falling within the covered period beginning August 11 can postpone qualifying filings and payments until February 1, 2027. He says this primarily affects individuals and businesses that filed for extensions, including certain pass-through businesses whose extended deadlines typically fall in September or October…