IRS extends biz tax deadline

The IRS is granting a temporary reprieve to businesses affected by superstorm Sandy.

“No action is required by the taxpayer,” the IRS said in a statement. “This relief is automatic.”

 The IRS said companies that receive a penalty notice should call the agency at the number on the notice.

 The agency expects to grant additional filing and payment relief when qualifying disaster declarations are issued by the Federal Emergency Management Agency. The agency will post details on the “Tax Relief in Disaster Situations” page on irs.gov.