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Inside Long Island Business

Get the latest news and trends on Long Island companies and the people behind them.

IRS postpones deadline again

A charitable bequest can escape taxation.

Photo credit: iStock

The IRS is again extending some tax deadlines for businesses and individuals affected by superstorm Sandy.

Those businesses whose payroll and excise tax returns and payments came due starting Oct. 31, now have until Feb. 1 to file them. An earlier extension set a Nov. 7 deadline.

The new deadline also includes fourth-quarter individual estimated tax payments, which would have been due...

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