Monthly Archives: November 2012

NOVEMBER 2012 NEWS FROM SULLIVAN & ASSOCIATES, PC

The end of October delivered a horrific blow to the Northeast with Hurricane Sandy. This newsletter will be abbreviated and will just highlight any tax relief and other various websites and contact information, etc. to obtain tax, financial and/or other assistance in the jurisdictions that were affected by the Storm.

I hope that you, your families, and your business were not impacted by the storm in any significant fashion. Have a pleasant November.

Federal – IRS Offers Storm Relief

The Internal Revenue Service has announced additional tax relief to affected individuals and businesses in Connecticut, New Jersey, and New York.

The tax relief postpones various tax filing and payment deadlines that occurred starting in late October. As a result, affected individuals and businesses will have until February 1, 2013 to file these returns and pay any taxes due. This also includes the fourth quarter individual estimated tax payment, normally due January 15, 2013. It also includes payroll and excise tax returns and accompanying payments for the third and fourth quarters, normally due on October 31, 2012 and January 31, 2013 respectively. It also applies to tax-exempt organizations required to file Form 990 series returns with an original or extended deadline falling during this period.

Federal Emergency Management Agency (FEMA) Website Information

Website – http://www.fema.gov/

Hurricane Sandy Information – http://www.fema.gov/sandy

Hurricane Sandy Disaster Survivor Assistance –

http://www.fema.gov/disaster-survivor-assistance

Connecticut – Storm Sandy Relief

Storm Sandy (2012) form is to be completed by those Connecticut taxpayers who were affected by Storm Sandy. Taxpayers who, as a direct result of the storm and related flooding, are unable to comply with Connecticut tax payment and/or filing obligations may be eligible for relief from penalty and interest that resulted from their noncompliance.

If you believe that you are eligible for relief, please complete the Request for Relief – Storm Sandy (2012) form link –

http://www.ct.gov/drs/lib/drs/forms/2012forms/2012-stormsandyreliefform-fillable.pdf

Connecticut Division of Emergency Services and Public Protection Website Information

Website – http://www.ct.gov/demhs/site/default.asp

Hurricane Sandy Information – www.ct.gov/sandy

Delaware – Assistance Websites

After the Storm Information and Assistance –

http://governor.delaware.gov/information/after_sandy.shtml

Delaware Emergency Management Agency Website – www.dema.delaware.gov/

District of Columbia – FEMA District of Columbia Website Information

Website – http://www.fema.gov/state/district-columbia

Maine – Maine Emergency Management Agency (MEMA) Website Information

Website – http://www.state.me.us/mema/

Maryland – Maryland Emergency Management Agency (MEMA) Website Information

Website – http://mema.maryland.gov/Pages/homeEmergency_hurricane.aspx

Massachusetts – Massachusetts Emergency Management Agency (MEMA) Website Information

Website – http://www.mass.gov/eopss/agencies/mema/

New Hampshire – New Hampshire Homeland Security and Emergency ManagementWebsite Information

Website – http://www.nh.gov/safety/divisions/hsem/

New Jersey – Governor Extends Tax Deadline for Businesses Disrupted by the Storm

Governor Christie has extended certain tax filing and payment deadlines for businesses whose operations were disrupted by Hurricane Sandy. Taxpayers who qualify will include businesses located in New Jersey, out-of-state businesses with operations in the State, and those whose tax records are located here. Taxpayers who cannot meet normal filing and payment deadlines because of the storm now have until November 7, 2012, to file returns and tax payments that would have been due October 30 and 31. Filings and payments covered by the state extension include Form NJ-927, Employer’s Quarterly Report; Form DSF-100, Domestic Security Fee Quarterly Return; and Form TMF-10, Transporter of Motor Fuels Report. http://www.state.nj.us/treasury/pdf/Governor-Christie-Extends-Tax-Deadline-for-Businesses-Disrupted-by-Storm.pdf

New Jersey – Hurricane Response and Recovery Website

Website – http://nj211.org/hurricane.cfm

New York – Governor Extends Tax Deadlines for Individuals and Business Affected by the Storm

Governor Andrew M. Cuomo has declared a State Disaster Emergency for the entire state of New York. As a result of this declaration, Commissioner Thomas H. Mattox has postponed certain tax filing and payment deadlines for taxpayers who were directly affected by Hurricane Sandy (the storm). The relief provided for in this notice applies to taxpayers directly affected by the storm. Deadlines have been postponed for the period beginning on October 26, 2012, and ending before November 14, 2012, for filing any returns, including those for personal income tax, corporate taxes, sales tax, highway use tax and any other taxes administered by the Tax Department; Please see Notice N-12-11 for all specific details.

New York State- Hurricane Response and Recover Website

Website – http://www.governor.ny.gov/

New York City – Hurricane Response and Recover Website

Website – http://www.nyc.gov/html/index.html

North Carolina – North Carolina Department of Public Safety Website

Website – https://www.nccrimecontrol.org/

Pennsylvania – Pennsylvania Emergency Management Agency (PEMA) Website Information

Website –

http://www.portal.state.pa.us/portal/server.pt/community/pema_community/4463

Rhode Island – Rhode IslandEmergency Management Agency (RIEMA) Website Information

Website – http://www.riema.ri.gov/

Virginia – Governor Waives All Penalties for Late Filings Due to Sandy

Tax Commissioner Craig M. Burns has announced that Virginia will provide a penalty waiver to those individuals and businesses affected by Hurricane Sandy. This penalty waiver applies to any late returns filed or payments made by affected taxpayers between October 29, 2012 and November 9, 2012. To notify the Department of Taxation that you were affected by Hurricane Sandy, you must write “Hurricane Sandy” at the top of your return. The Department of Taxation will then abate any late-filing or late-payment penalties that would otherwise apply. Tax Bulletin 12-7.

Virginia – Virginia Department of Emergency Management (VDEM) Website Information

Website – http://www.vaemergency.gov/

Vermont- Vermont Emergency Management Website Information

Website – http://vem.vermont.gov/

West Virginia – West Virginia Division of Homeland Security andEmergency Management Website Information

Website – http://www.dhsem.wv.gov/Pages/default.aspx