Another tax extension, following a very sad event

The IRS does have a heart after all. Officials there made a wise decision today when they granted six-month federal tax payment and filing extensions to the victims, families, first responders, faculty and students at Virginia Tech.

The agency's press release, issued late today, said affected taxpayers have until October 15, 2007 to file and make payments associated with their 2006 individual tax returns. Qualifying taxpayers won't be subject to filing or payment penalties if they make this new deadline. To qualify, though, they'll need to call the IRS at 1-866-562-5227 and identify themselve before they file or make a payment.

To all of you directly or indirectly affected by this horrific event, I am deeply saddened and sorry.