The states with affected counties for Hurricane Irene are Connecticut, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, and Vermont. Certain municipalities in Puerto Rico were also affected by Irene. Hurricane Lee affected New York and Pennsylvania counties only. You can find the latest list of affected counties on the IRS website using the following link:
http://www.irs.gov/newsroom/article/0,,id=108362,00.html?portlet=108.
Other tax-related transactions have also been extended as a result of these natural disasters. For example, the deadline for removing (or recharacterizing) excess IRA contributions for those individuals in affected disaster areas is now October 31. Additionally, the deadline for making a SEP (Simplified Employee Plan) IRA contribution for 2010 is also extended to October 31 for any employer that had either an original or extended due date occurring on or after August 26 and on or before October 31.
By Marvin Rotenberg and Jared Trexler
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*Copyright 2011 Ed Slott and Company, LLC
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