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Tax Day 2007 - Update From The IRS

published on March 30th, 2007 . by Arizona CPA

The Old Deadline

On November 8, 2006, the Internal Revenue Serviced issued press release stating that six states and the District of Columbia had until Tuesday, April 17, 2007, to file their income tax returns for 2006. All other states, according to the press release, had to file by Monday, April 16, 2007.

The reason given was that April 16 was Patriot’s Day, a legal holiday, in those six states. Therefore, those states were granted one extra day to file their tax returns. States not celebrating Patriot’s Day were not granted the extra day.

The New Deadline

However, on January 24, 2007, the Internal Revenue Service issued a new press release. It stated that all states, including those not celebrating Patriot’s Day, had until Tuesday, April 17, 2007 to file their 2006 income tax returns.

Here is the reason given in the January 24 news release:

“Taxpayers will have extra time to file and pay because April 15 falls on a Sunday in 2007, and the following day, Monday, April 16, is Emancipation Day, a legal holiday in the District of Columbia.”

The New Deadline Applies To…

The January 24 news release goes on to state that the April 17 deadline applies to the following types of transactions:
“2006 federal individual income tax returns, whether filed electronically or on paper.
Requests for an automatic six-month tax-filing extension, whether submitted electronically or on Form 4868.
Tax year 2006 balance due payments, whether made electronically (direct debit or credit card) or by check.
Tax-year 2006 contributions to a Roth or traditional IRA.
Individual estimated tax payments for the first quarter of 2007, whether made electronically or by check.
Individual refund claims for tax year 2003, where the regular three-year statute of limitations is expiring.
Other tax-filing and payment requirements affected by this change are described in IRS Publication 509, Tax Calendars for 2007.”
References

URL for the November news release: http://www.irs.gov/newsroom/article/0,,id=164052,00.html

URL for the January news release: http://www.irs.gov/newsroom/article/0,,id=167194,00.html

Jennifer A. Thieme is Registered Tax Preparer and a Certified QuickBooks ProAdvisor who enjoys writing about tax and accounting issues. Visit http://www.jenniferthieme.com to learn more about her services.

Article Source: http://EzineArticles.com/?expert=Jennifer_A._Thieme
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