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SEND IT IN WET
June 20, 2008
A Cedar Rapids business acquaintance forwards this picture taken inside his office at the Alliant Tower last Thursday, June 12.
It's too bad for them if they had payroll taxes due June 12. While the IRS has extended deadlines in the flood zones for most taxes through July 28, the extension to remit payroll and excise taxes expired June 9. Next time they should plan their flood a week earlier.
If this wet office belonged to an accounting firm, its individual clients would all get until July 28 to pay their second quarter Federal tax estimates originally due June 15. But Iowa won't brook that sort of nonsense. Iowa's disaster deadline waiver doesn't cover individual second quarter individual estimated tax payments due June 30. So if your CPA got washed out and hasn't given you second quarter Iowa vouchers, Iowa says that's just your bad luck.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
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