Does the postponed deadline for estimated tax payments apply to both individual and business taxpayers?
Yes. IRS News Release IR-2006-135 provided a postponement of time to make estimated tax payments. As the IRS did not postpone the time for individuals to make estimated tax payments when it provided additional time to file certain individual income tax returns in IRS News Release IR-2006-96 (June 19, 2006), and IR-2006-135 provided relief for businesses, there has been confusion over whether the postponement in IR-2006-135 applies to corporate estimated taxes only or to both individual and corporate estimated taxes. The postponement applies to both individuals and corporations who are affected taxpayers. The definition of affected taxpayer for purposes of IR-2006-135 is the same as that used in Notice 2006-20, 2006-10 I.R.B. 560 (March 6, 2006), and includes taxpayers whose principal place of business or residence, or whose tax records or tax professional’s office were located in one of the counties or parishes listed in IR-2006-135. (10/6/06) Q: If we pay a client’s 2005 taxes due by
