The IRS on Wednesday said it would give some South Carolina residents and businesses a four-month extension on paying various taxes due to the flooding disaster that affected several of the state’s counties.
The IRS is allowed to postpose certain tax-filing deadlines for residents and business owners who live or work in federally declared disaster areas. It had already provided a two-week extension on taxes due Oct. 1-Oct. 15, but offered an extension of four months months on Wednesday for 11 flood-ravaged South Carolina counties.
The move also delays the deadline for quarterly estimated income tax payments that would normally come due for some taxpayers in mid-January, and delays some other business tax deadlines.
The extension applies to taxpayers in Berkeley, Charleston, Clarendon, Dorchester, Georgetown, Horry, Lexington, Orangeburg, Richland, Sumter and Williamsburg counties, which President Obama declared a federal disaster area because of the historic weekend storms stemming from Hurricane Joaquin.
The IRS said it may let other counties benefit from the extension based on upcoming damage assessments by FEMA. It also announced that any interest, late-payment or late-filing penalty will be waived for taxpayers living in the disaster area.
Because the IRS automatically identifies any taxpayers within the disaster area, the agency said those who live or own a business outside the 11 counties should call 866-562-5227 to request relief.
