Insights: Article

Severe Flooding Impacts Iowa Tax Deadline

By Joe Kristan

March 29, 2019

The IRS announced that the tax return filing and payment deadlines for victims of severe storms and flooding in parts of Iowa have been postponed to July 31, 2019.

The announcement offers tax relief for both business and individual tax filings and payments for deadlines on or after March 12, 2019, and before July 31, 2019, for residents/businesses in Fremont, Harrison, Mills, Monona and Woodbury counties.

In addition to the extended individual and business income tax filing and payment date, the tax relief also includes extension to July 31, 2019, for:

  • Quarterly estimated income tax payments.
  • IRA contributions.
  • Abatement of penalties on payroll and excise tax deposits, as long as the deposits are made by March 27, 2019.

This automatically extends 2018 1040s for taxpayers in the affected area to July 31, 2019.

Contact your Eide Bailly tax professional with questions or for assistance in meeting this new deadline.

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