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Louisiana Department of Revenue Reminds Taxpayers about the Extended Deadline due to Hurricanes Katrina and Rita

October 03, 2006

The Louisiana Department of Revenue (LDR) would like to remind affected taxpayers from the areas most severely damaged by Hurricane Katrina that the deadline for filing tax year 2004 and 2005 individual income tax returns is Oct. 16, 2006.
The deadline applies to affected taxpayers from 31 Louisiana parishes. For these taxpayers, the LDR has postponed until Oct. 16, 2006, the deadline for filing the following individual income tax returns:
• 2004 individual income tax returns, originally due on May 16, 2005, for which taxpayers obtained an extension of time to file until Oct. 15, 2005, and 2005 individual income tax returns, originally due on May 15, 2006.
• No further postponements or extensions are available for tax year 2004 tax returns.
An additional six-month filing extension, to April 16, 2007, is available to affected taxpayers whose 2005 due date was postponed from May 15, 2006, to October 16, 2006. If an affected individual taxpayer needs additional time to file beyond October 16, 2006, the taxpayer must file either IRS Form 4868 by Oct. 16 with the IRS (Louisiana will honor the federal extension) or Louisiana’s form R-2868 (filed with the LDR) to receive the additional six months.
In addition, the postponement also applies to Fiduciary income tax, Partnership (both the Composite and the IT-565 information return) and the Corporate Income and Franchise, tax returns of businesses who are affected taxpayers. For example, for calendar year corporations, the 2005 Form CIFT-620 due date was also postponed from April 15, 2006, to October 16, 2006. If more time is needed to file, Federal Form 7004 may be filed with the IRS by October 16, 2006, for an automatic six-month extension (Louisiana will honor the federal extension) or Louisiana’s form CIFT 620EXT(filed with the LDR) to receive the additional six months. This also applies to fiscal year filers whose 2005 return was postponed to Oct. 16, 2006.
All extensions should be labeled at the top in black ink “Hurricane Katrina” and include an estimate of the unpaid tax liability. This extension of time to file allows taxpayers additional time to finalize returns and to pay any tax due. Any tax not paid will be subject to penalty and interest beginning Oct. 17, 2006, until the tax is paid in full.
Affected taxpayers include taxpayers whose principal residence, principal place of business, tax records or tax professional’s office was located in one of the designated counties or parishes.
The Louisiana Department of Revenue’s mission is to administer the applicable tax laws of the state of Louisiana as well as regulations concerning alcohol, tobacco and charitable gaming.


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