Hurricane Sandy Tax Penalty Waiver

For all those individuals and businesses impacted by Hurricane Sandy, Governor McDonnell and Tax Commissioner Craig M. Burns announced that Virginia will provide a penalty waiver for any late returns filed, or payments made by affected taxpayers between October 29 and November 9, 2012.

 

This will apply to individual and fiduciary income tax returns; withholdings returns; forest products tax returns; corn tax returns; cotton tax returns; soybean tax returns; and other tax returns. Additional penalties may be waived as well.

 

To take advantage of this waiver, you will need to notify the Department of Taxation that you were affected by Hurricane Sandy by writing "Hurricane Sandy" at the top of your return. The Department will then abate any late-filing or late-payment penalties that would otherwise apply
 

For more information click here.


SFNToday.com is dedicated to serving the agricultural industry in the Carolinas and Virginia with the latest ag news, exclusive regional weather station readings, and key crop market information. The website is a companion of the Southern Farm Network, provider of daily agricultural radio programming to the Carolinas since 1974. SFNToday.com presents radio programs, interviews and news relevant to crop and livestock production and research throughout the mid-Atlantic agricultural community.

Leave a Reply

Your email address will not be published. Required fields are marked *

*