Macomb County Residents Affected By Flooding Get IRS Reprieve

The Michigan Department of Treasury will observe the Internal Revenue Service’s (IRS) tax filing extension, granted to taxpayers adversely affected by severe storms and flooding in August. Macomb, Oakland, and Wayne Counties have been declared a federal disaster area as a result of the storms and individuals who reside or have a business in these counties may qualify for filing extensions.

Under the IRS relief, certain filing and payment deadlines, for taxpayers affected by the Michigan storms and flooding, have been extended through January 15, 2015. The extension applies only to filing and payment obligations due on or after August 11, 2014 and on or before January 15, 2015. For more information on the IRS relief, visitwww.irs.gov.

For affected individual income taxpayers, the third quarterly installment of estimated tax payments may be made any time on or before January 15, 2015, without penalty and/or interest charges for late payment. An annual individual income tax return, previously extended to October 15, 2014, may be filed by an affected taxpayer on or before January 15, 2015.

For Michigan Business Tax and Corporate Income Tax purposes, any filings and payments due on or after August 11, 2014 and on or before January 15, 2015, will be considered timely if made by January 15, 2015. To apply for an extension, affected taxpayers should mark their eligible filings with the designation “Macomb, Oakland, or Wayne County Flood” in red. For e-filed returns, include an attachment with this message.

The Department of Treasury will not automatically allow an extension to file and pay sales, use and withholding or excise taxes. Treasury may waive, on a case-by-case basis, late filing or payment charges on these obligations if it can be demonstrated that failure to make a timely filing or payment was due to reasonable cause and not willful neglect.

For additional information, visit www.michigan.gov/taxes.