MADISON – The Internal Revenue Service this week extended the deadline to August 29, 2008 for tax relief provisions. The extension is available to affected taxpayers in federally declared disaster areas for tax return and report filing, tax payment and other deadline-sensitive actions. The federal extension will also apply to the filing of certain Wisconsin individual income, corporation franchise or income, and sales and use Wisconsin returns.
Currently disaster areas have been declared in 30 Wisconsin counties: Adams, Calumet, Columbia, Crawford, Dane, Dodge, Fond du Lac, Grant, Green, Green Lake, Iowa, Jefferson, Juneau, Kenosha, La Crosse, Manitowoc, Marquette, Milwaukee, Monroe, Ozaukee, Racine, Richland, Rock, Sauk, Sheboygan, Vernon, Walworth, Washington, Waukesha and Winnebago Counties.
“Affected taxpayers” include taxpayers whose principal residence or principal place of business is located in the covered disaster area, taxpayers whose books or tax records or whose tax professionals’ offices are located in the covered disaster area, and relief workers affiliated with a recognized government or philanthropic organization assisting with the relief activities in the covered disaster area. The relief provisions include:
Income tax returns of taxpayers other than corporations
Affected taxpayers have until August 29, 2008, to file their state and federal returns for the tax year 2007 for both federal and Wisconsin purposes. When filing the Wisconsin income tax return with the extension to August 29, taxpayers should enter the number “03” in the Special Conditions box on the front of the return and write “Wisconsin flooding” on the line provided.
Estimated tax payments of taxpayers other than corporations
Affected taxpayers with an estimated tax payment due on or after June 5, 2008 and before August 29, 2008, receive an extension to make the payment until August 29, 2008.
Corporation franchise or income tax returns
For federal income tax returns of corporations, affected corporations with a due date that falls on or after June 5, 2008, and before August 29, 2008, are granted an extension of time to file. These corporations are allowed an additional 30 days beyond August 29, 2008 to file their corresponding Wisconsin returns.
Corporation estimated tax payments
Affected corporations with an estimated tax payment due on or after June 5, 2008 and before August 29, 2008, receive an extension to make the payment until August 29, 2008.
State sales and use, withholding and excise tax returns, reports and payments
For reporting periods with a due date that falls on or after June 5, 2008, and before August 29, 2008, an affected taxpayer may request a 30-day extension of time to file by contacting:
Wisconsin Department of Revenue
PO Box 8949
Madison, WI 53708-8949
Taxpayers with questions about their particular tax situations may contact the Department:
Individual taxpayers – (608) 266-2772
Business taxpayers – (608) 266-2776