(Last Updated: October 26, 2018)
Hurricane Florence’s timing couldn’t have been worse for U.S. victims with fast-approaching tax filing deadlines. The IRS has extended upcoming individual and business tax deadlines to January 31, 2019, for Hurricane Florence victims in parts of North Carolina and affected areas. Taxpayers in other localities added later to the list will receive the same filing and payment relief tax benefits.
Who Qualifies for Relief?
Individuals and businesses with an address of record located in the area designated by the Federal Emergency Management Agency (FEMA) will qualify for IRS relief. This area currently includes the following counties in North Carolina:
- New Hanover
Taxpayers in other localities affected by Florence can check the IRS website for updated locations added to the disaster area.
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 – any deadlines originally after September 7, 2018 – is now January 31, 2019. The new deadline applies to:
- September 17, 2018 deadline for making quarterly estimated income tax payments;
- October 31, 2018 deadline for quarterly payroll and excise tax returns;
- businesses or tax exempt organizations who have an extended due date in this September 7, 2018 – January 31, 2019 time period; and
- individuals with valid 2017 filling extensions due by October 15, 2018.
Payroll and excise tax deposits penalties due on or after September 7, 2018, and before September 24, 2018, will be abated as long as the deposits are made by September 24, 2018.
Additional Help and Resources
As the rebuilding begins, we wish you, your family, and your organization a healthy and speedy recovery. Please contact CRI if we can help you in any way.