States Adopt Emancipation Day Deadline for Individual Returns; Some Opt Against Allowing Delay for Corporate Returns in 2012

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

A legal holiday for federal purposes is defined as a legal holiday in the District of Columbia, which includes Emancipation Day, celebrated in D.C. on April 16. In this article, Bloomberg BNA looks at how this holiday gives taxpayers, both corporate and individuals, extra time to get their tax returns in.