It’s official. The IRS has given everyone an extra weekend to file your taxes this year. Returns normally due on April 15, 2011 will now be due on April 18, 2011. The reason? The District of Columbia’s Emancipation Day holiday will be observed on April 15 this year.
On their website, the NC Department of Revenue announced on February 1 that they will follow the federal due date for certain returns. Sounds simple? Not quite. The State has extended the deadline for some returns and payments, but not all. The following are listed on their website as due April 18, 2011:
• 2010 State individual income tax returns, whether filed electronically or on paper
• First quarter 2011 individual estimated income tax payments - this is a change from an earlier announcement in January
• Partnerships
• Estates and Trusts
• Applications for extension for any of the above tax forms
North Carolina returns for calendar year corporations and certain fiscal year corporations are still due April 15, 2011. There is no change in the filing date. Corporate first quarter estimates originally due April 15 are still due April 15 as well. Don’t let the extra weekend confuse you. Mail those corporate returns on or before April 15 to avoid penalties.
Everyone's situation is different. Get help from a CPA when you have questions.
--- Donna Boyette, CPA, Senior Accountant