Hurricane Irma’s record-breaking size, speed, and endurance recently precipitated billions of dollars of damage, and her timing couldn’t have been worse for U.S. victims with fast-approaching tax filing deadlines.
To help, the IRS has announced that it will provide tax relief to qualifying taxpayers in the Presidential Disaster Areas, as well as areas identified by the Federal Emergency Management Agency (FEMA).
Who Qualifies for Relief?
Individuals and businesses with an address of record located in one or more of the following declared disaster areas will qualify for IRS relief:
- Florida (updated 9/19/17) – The IRS has announced that it is expanding relief to all FEMA designated disaster areas. This now includes all 67 counties in the State of Florida.
- Georgia (updated 9/19/17) – The IRS is now offering expanded relief to any area designated by FEMA, as qualifying for either individual assistance or public assistance in the State of Georgia. This represents all 159 counties of Georgia.
- South Carolina (updated 10/30/17) – The IRS is now offering expanded relief to any area designated by FEMA, as qualifying for either individual assistance or public assistance in the State of South Carolina. This represents the following counties in South Carolina: Allendale, Anderson, Bamberg, Barnwell, Beaufort, Berkeley, Charleston, Colleton, Dorchester, Edgefield, Georgetown, Hampton, Jasper, McCormick, Oconee, and Pickens.
- U.S. Virgin Islands (updated 9/20/17) – The islands of St. Croix, St. John, and St. Thomas.
- Puerto Rico (updated 9/20/17) – The municipalities of Adjuntas, Aguas Buenas, Barranquitas, Bayamón, Camuy, Canóvanas, Carolina, Cataño, Ciales, Comerío, Culebra, Guaynabo, Hatillo, Jayuya, Juncos, Las Piedras, Loiza, Luquillo, Orocovis, Patillas, Quebradillas, Salinas, San Juan, Utuado, Vega Baja, Vieques, and Yauco.
- Other localities as identified in the future by the IRS – Visit https://www.irs.gov/newsroom/help-for-victims-of-hurricane-irma regularly for updates. Note: As localities are added, the newly qualified taxpayers will enjoy the same extensions and relief as earlier qualifiers.
All qualifying taxpayers are automatically identified and extended by the IRS. Note: Affected taxpayers without an address on record that falls within the covered disaster area must call the IRS disaster hotline at 866-562-5227 to request this tax relief.
The New U.S. Income Tax Filing and Payment Deadline
The new filing deadline for several IRS U.S. income tax filings and payments — originally due between September 4, 2017 through January 16, 2018 — is January 31, 2018. The new deadline applies to:
- September 15, 2017 and January 16, 2018 deadlines for making quarterly estimated payments.
- October 31, 2017 deadline for quarterly payroll and excise tax returns. (The IRS is also waiving late-deposit penalties for federal payroll and excise tax deposits normally due during the first 15 days of the disaster period.)
- individual and corporate income taxpayers who received a tax-filing extension until October 16, 2017.
- partnerships with extensions previously due September 15, 2017.
- calendar-year tax-exempt organizations with 2016 the filing extension deadline of November 15, 2017.
All payments and filings due prior to September 4, 2017 are not eligible for relief, and standard delinquent filing penalties will apply.
Additional Help and Resources
As our nation rebuilds after Irma’s wrath, we wish you, your family, and your organization a healthy and speedy recovery. Please contact CRI if we can help you in any way.