Businesses affected by Super Storm Stella in Eastern US will get an additional few days to request a six-month extension to file their 2016 income tax returns. Business taxpayers who are unable to file their tax return by March 15th may request an extension by filing Form 7004, which is available on the IRS website. The new deadline for filing the extension is March 20th, 2017.
The IRS is allowing more time for victims and tax professionals who are affected by the storm, which hit portions of the Northeast and Mid-Atlantic, dumping three feet of snow in some neighborhoods, creating power outages for half a million residents, and leading to a dozen deaths in the region.
The new deadline affects mostly partnerships and S-Corporations that file on a calendar year basis. Those filing via paper returns or extensions should write “Winter Storm Stella” on their document(s).