Hurricane Harvey & Irma Tax Relief

IRS Offering Tax Relief for Victims of Hurricanes Harvey & Irma

In the wake of the devastation of Hurricane Harvey, and the recent disaster declaration by President Trump, the IRS is offering tax relief to Texas victims affected by the storm:

The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Aug. 23, 2017 and before Jan. 31, 2018, are granted additional time to file through Jan. 31, 2018. This includes taxpayers who had a valid extension to file their 2016 return that was due to run out on Oct. 16, 2017. It also includes the quarterly estimated income tax payments originally due on Sept. 15, 2017 and Jan. 16, 2018, and the quarterly payroll and excise tax returns normally due on Oct. 31, 2017. In addition, penalties on payroll and excise tax deposits due on or after Aug. 23, 2017, and before Sept. 7, 2017, will be abated as long as the deposits were made by Sept. 7, 2017.

If an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement period, the taxpayer should call the telephone number on the notice to have the IRS abate the penalty.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 866-562-5227 to request this tax relief.

As of 9/5/17, the following Texas counties have been approved for extended IRS deadlines:

  • Aransas
  • Bee
  • Brazoria
  • Calhoun
  • Chambers
  • Fort Bend
  • Galveston
  • Goliad
  • Harris
  • Jackson
  • Kleberg
  • Liberty
  • Matagorda
  • Nueces
  • Refugio
  • San Patricio
  • Victoria
  • Wharton
  • Colorado
  • Fayette
  • Hardin
  • Jasper
  • Jefferson
  • Montgomery
  • Newton
  • Orange
  • Sabine
  • San Jacinto
  • Waller
  • Austin
  • Batrop
  • DeWitt
  • Gonzales
  • Karnes
  • Lavaca
  • Lee
  • Polk
  • Tyler
  • Walker

Taxpayers can download forms and publications from the official IRS website, irs.gov, or order them by calling toll free 800-829-3676.  Contact an R&G Brenner tax professional if you require assistance; (888) APRIL-15.

UPDATE 9-15-17

Likewise, the IRS is offering tax relief for those affected by Hurricane Irma.

The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA), as qualifying for individual assistance. Parts of Florida, Puerto Rico and the Virgin Islands are currently eligible, but taxpayers in localities added later to the disaster area, including those in other states, will automatically receive the same filing and payment relief. The current list of eligible localities is always available on the disaster relief page on IRS.gov.

October 15th Extension Deadline

In spite of the government shutdown that has shuttered many departments in the IRS, the deadline to file tax year 2012 returns remains October 15th. That means, even though the IRS may not be able to process your return, you still have to pay your taxes on time or risk penalties and interest for failing to file.  The IRS has issued the following tips:

  • Taxpayers are encouraged to file their returns electronically using IRS e-file or the Free File system to reduce the chance of errors.
  • Taxpayers can file their tax returns electronically or on paper. Payments accompanying paper and e-filed tax returns will be accepted and processed as the IRS receives them. Tax refunds will not be issued until normal government operations resume.
  • IRS operations are limited during the appropriations lapse, with live assistors on the phones and at Taxpayer Assistance Centers unavailable. However, www.IRS.gov and most automated toll-free telephone applications remain operational.
  • Tax software companies, tax practitioners and Free File remain available to assist with taxes during this period.

Many taxpayers–especially living in coastal NY & NJ–have not filed yet due to the destruction inflicted by Hurricane Sandy on property and tax records.  If you need assistance filing your tax returns, an R&G Brenner tax professional can help.
 

Deadlines Extended For NY Taxpayers

Deadlines Extended

Due to Hurricane Sandy, the New York Department of Taxation has extended filing/payment deadlines.

For Release: Immediate, Thursday, November 15, 2012 
Contact: Geoffrey Gloak, 518-457-4242

The New York State Department of Taxation and Finance today announced the additional extension of certain tax filing and payment deadlines for taxpayers directly affected by Hurricane Sandy.

Deadlines have been extended to November 26, 2012.  This covers filings and tax payments due during the period beginning October 26, 2012 and before November 26, 2012. 

The extension also applies to protective claims associated with the Metropolitan Commuter Transportation Mobility Tax.

The ending date for the previously announced extension was November 14, 2012.

Find the details of today’s announcement on the “Hurricane Sandy Tax Relief” Web page at the Department’s Web site,www.tax.ny.gov.  See document number N-12-16.

Source: www.tax.ny.gov

 

IRS Offering Hurricane Sandy Reprieve

Tax Relief For Businesses Affected By Sandy

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

Those whose payroll and excise tax returns and payments came due on Oct. 31 now have until Nov. 7 to file them.  The new deadline applies to businesses and their tax preparers in areas hit by the storm.

“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.

Source: Excepted From Newsday