Victims of the 2016 flooding in Missouri will have extra time to file their 2015 federal income taxes. The IRS announced that flood victims will have until May 16th, 2016 to file their 2015 federal tax returns.
The IRS said that affected taxpayers in Barry, Barton, Camden, Cape Girardeau, Cole, Crawford, Franklin, Gasconade, Greene, Hickory, Jasper, Jefferson, Laclede, Lawrence, Lincoln, Maries, McDonald, Morgan, Newton, Osage, Phelps, Polk, Pulaski, Scott, St. Charles, St. Francois, St. Louis, Ste. Genevieve, Stone, Taney, Texas, Webster and Wright counties will receive an extra month to file and pay their federal income taxes.
The tax extension applies to individuals and businesses affected by the 2016 flooding that damaged homes and businesses across Missouri. The IRS automatically provides filing and penalty relief to any taxpayer with an address of record located in the disaster area, so it is not necessary to file this information with the IRS. If by chance you get a notice of a penalty you should contact the IRS immediately for assistance in removing the penalty if you live in the affected flood areas.
Losses due to the flood can be filed on your taxes. See IRS Publication 547 for details.
More information can be found on the IRS website.