The DOR is clarifying our earlier guidance regarding extensions for filing of tax returns and payment of tax.
Withholding tax returns and payment of the tax for the months of August and September should be remitted before October 25, 2005. Monthly returns due after this date will be due on their regularly scheduled due dates.
The Mississippi Department of Revenue will follow the recent federal extension granted until October 16 for corporate income and franchise tax returns due on or after August 29, 2005.
Taxpayers located in the three coastal counties receive an automatic extension. Taxpayers located outside the three coastal counties may receive an extension of time to file returns and to make payments by identifying themselves as impacted. These taxpayers must write HURRICANE KATRINA in blue or black ink at the top of the return when filing.
Mississippi follows the IRS guidelines concerning casualty losses.
Affected taxpayers in the Hurricane Katrina Presidentially Declared Disaster Area have the option of claiming disaster-related casualty losses on their income tax return for either tax year 2005 or tax year 2004. Taxpayers who have previously filed a 2004 tax return may file an amended individual income tax return (Form 80-170) to report the casualty loss.
Many vehicles, including title documents, were lost or destroyed as result of the hurricane. Due to the negotiable nature of the title document, the Department of Revenue cannot replace a title over the phone or by email.
The following steps outline the fastest way to obtain a replacement title:
Pursuant to Sections 27-65-33 (6) and 27-67-19, Mississippi Code of 1972, the Chairman of the Department of Revenue has authorized a 30-day extension for sales and use tax returns for affected taxpayers in the three coastal counties of Hancock, Harrison and Jackson. This extension will allow taxpayers in these counties who have been affected by Hurricane Katrina an additional time to file their August return and remit the tax. The August return and payment will be due by October 20th.
Proper Method to Identify Returns Filed Late
The Department of Revenue is requesting all tax returns that are filed late due to Hurricane Katrina have the words Hurricane Katrina written in blue or black ink at the top of the return. This includes returns filed under authorized extensions and returns filed late by taxpayers who have been affected by the disaster and are unable to file their return timely. Please do not write on or near the barcode found in the upper left-hand corner of the returns above the title of the form.
Debit cards are being issued by the federal government, Red Cross and other groups to Hurricane Katrina evacuees for emergency relief. These cards can be used by the holder to make retail purchases of items such as food, clothing and gasoline.
Changes and Corrections to the General Product List have moved from the "News and Notes" section to the "Wholesale Price List" section.
Log in under ABC/Products info and look for the link for "Corrections to the General Product List".