The Kentucky Department of Revenue is reminding taxpayers this year they’ll have two extra days to file their income taxes. The 2012 deadline is April 17th because of Emancipation Day, a holiday observed in the District of Columbia which falls on Monday, April 16th. By law, D.C holidays affect tax deadlines in the same way federal holidays do. All valid six month extensions filed on or before April 17th will extend the due date for filing until October 15th. Also, the IRS is postponing certain tax deadlines for those who reside or have a business in a disaster area until May 31st.
Floods in 2011 and this year’s tornadoes could complicate the tax returns filed by Kentucky farmers. For example, when farmers receive an insurance check for damaged crops, IRS spokesman Luis Garcia says they must claim that money as income. And, if bad weather forces the early sale of livestock, Garcia says that income can sometimes be claimed on next year’s tax return.