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Payroll isn’t just a back-office function; it’s a strategic engine that powers both financial performance and employee confidence. Every payroll run influences cash flow, compliance, and reporting accuracy, while shaping how employees perceive their value within the organization. This special report reframes payroll as a critical driver of financial discipline and a cornerstone of the employee experience, elevating it from…
The Internal Revenue Service and state of Massachusetts have extended the filing deadline for some of the state's residents following the bombings at the Boston Marathon this week. The IRS extended the deadline for residents of Suffolk County and Boston for three months while the state has also postponed its deadline for all Boston-area residents.
The IRS gave the longer time for filing and payment to Boston all individuals in Suffolk County, including Boston, along with victims, their families, first responders, others impacted by the events who live outside Suffolk County and taxpayers whose tax preparers were affected. The deadline will be July 15. No penalties will be imposed if returns are filed and payment made by that date, but under the law, 3-percent interest compounded daily will apply to payments made after April 15.
Massachusetts initially announced it would delay the deadline until at least April 23, but also said in a press release that it would make the date selected by the IRS. The state's WebFile for Income will remain open for filing returns and extensions and making payments electronically.
For those outside Suffolk County, the IRS established a toll-free number (866) 562-5227, which will be available starting Tuesday, April 23. Taxpayers who receive penalty notices, can also call that number to have penalties abated. Those who need for time can receive an extension to October 15 by filing Form 4868 by July 15.
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