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11/1/2012
IOWA DEPT OF REVENUE & FINANCE

Iowa Tax Return Deadline Extended for Taxpayers Impacted by Hurricane Sandy

November 1, 2012, Des Moines, Iowa. The Iowa Department of Revenue today announced it is granting taxpayers affected by Hurricane Sandy until November 7 to file sales/use and withholding returns, as well as accompanying payments normally due October 31. The relief applies to taxpayers in an area affected by Hurricane Sandy or otherwise impacted by the storm that hit the Mid-Atlantic and Northeastern United States this week.

This relief applies to businesses whose quarterly Iowa sales/use tax and withholding returns for the period ending September 30, 2012 were due on October 31. Those returns can be filed by November 7, 2012 without penalty or interest, for taxpayers located in the impacted area.

The IDR eFile & Pay system will automatically calculate penalty and interest if the September return is filed after October 31, 2012. IF YOU ARE LOCATED IN THE IMPACTED AREA, and file no later than November 7, disregard the penalty and interest calculated for the September 2012 quarter and pay only the tax due.

Individuals or corporations filing Iowa income tax returns for a fiscal year ending June 30, 2012 also have until November 7 to file without penalty or interest if they are located in an affected area. Individuals and corporations are granted an automatic six-month extension to file Iowa income tax returns if 90% of the tax due was paid by the original due date; therefore, calendar year filers who are filing under this automatic extension have until November 7 to send their Iowa income tax return without penalty.

Interest will be due on any remaining balance paid after the original due date of the return. Calendar year filers who did not have 90% of the tax paid by April 30, 2012 are subject to penalty and interest whether or not located in an area impacted by Hurricane Sandy.

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(Contact: Victoria L. Daniels, Public Information Officer, Iowa Department of Revenue, 515-281-8450, victoria.daniels@iowa.gov.)