Relief for Today’s Tax Due Date!

From the Wisconsin Department of Revenue website, an extension for filing and paying taxes due between June 5th and August 13th – this includes any of our clients because our firm is located in Columbia County, one of the affected counties.

Wisconsin Tax Relief for Flood Victims

The federal government has declared several counties in the State of Wisconsin as a presidential disaster area. The affected counties are Crawford, Columbia, Sauk, Milwaukee, Vernon, Racine and Richland, counties. As a result, affected taxpayers in these counties will qualify for federal tax relief. If the Federal Emergency Management Agency declares additional counties eligible for assistance, the relief provisions described below will also apply to affected taxpayers in those counties.

“Affected taxpayers” includes:

• taxpayers who live, and businesses whose 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.

Income Tax Returns for Taxpayers Other Than Corporations

Affected taxpayers allowed additional time to file their return for the tax year 2007 by the Internal Revenue Service due to the flooding in Wisconsin are allowed an extension of time to file until August 13, 2008, for both federal and Wisconsin purposes. When filing the Wisconsin income tax return with the extension to August 13, 2008, 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.

Installment Payments of Estimated Tax for Taxpayers Other Than Corporations

Affected taxpayers that have an estimated tax payment originally due on or after June 5, 2008, and before August 13, 2008, are allowed an extension of time to make such payment until August 13, 2008.

Corporation Franchise or Income Tax Returns

For federal purposes, affected corporations that have an extended return due date or original return due date that falls on or after June 5, 2008, and before August 13, 2008, are granted an extension of time to file until August 13, 2008. These corporations are allowed an additional 30 days beyond August 13, 2008, to file their corresponding Wisconsin returns.

Corporation Installment Payments of Estimated Tax

Affected corporations that have an estimated tax payment originally due on or after June 5, 2008, and before August 13, 2008, are allowed an extension of time to make such payment until August 13, 2008.

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 13, 2008, an “affected taxpayer” may request a 30-day extension of time to file sales and use, withholding, or excise tax returns or reports. Requests for an extension should be sent to:

Registration Unit
Wisconsin Department of Revenue
PO Box 8949
Madison, WI 53708-8949

For more information or if you have questions, please contact the Department of Revenue at (608) 266-2772.

Last updated June 16, 2008