Extension for Hawaii

Due to the flooding happened last December 2008 in the city of Honolulu, IRS issued a Notice for 45 and 180 Day Extensions for Hawaii Areas. This is defined in the Revenue Procedure 2007-56, section 17 that allows extension if the taxpayer is located in the Covered Disaster Area or an affected taxpayer have difficulty meeting the exchange deadlines.

IF the taxpayer meets these criteria, THEN any 45 day or 180 day deadline that falls on or after the above date, is extended to the later of February 9, 2009, or 120 days from such deadline.