NC Extends Tax Deadlines For Victims Of Tornadoes

North Carolina's tax collectors are providing a break for victims of severe weekend weather who had yet to file their 2010 returns.

The state Revenue Department said Monday it will waive late filing and late payment penalties for people and businesses unable to file their return or pay their taxes because of the storms that killed 21 people on Saturday.

State law prevents the agency from waiving any interest assessed on overdue taxes, so the clock keeps ticking on that until payment.

The penalties will be waived until May.

Taxpayers must file an additional Form NC-5500 with their late payment or return.

A tax agency spokeswoman says the late payment is only for storm victims, and auditors who find discrepancies can assess late payment.

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  • by I Fought the Law on Apr 19, 2011 at 03:49 AM
    Very good decision and I feel for these folks, but can only imagine just how many that aren't "tornado victims" will claim to be just to try and dodge the tax man?

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