Tuesday, September 19, 2017

Tax Relief for Victims of Hurricane Irma

On September 12, 2017, the IRS announced relief in the form of extensions, for the victims of Hurricane Irma. Specifically, filing deadlines (original or extended) falling on or after September 4, 2017 and before January 31, 2018 will be postponed to January 31, 2018.

The relief applies to individuals who reside in the following counties: Broward, Miami-Dade, Palm Beach, Charlotte, Clay, Collier, Duval, Flagler, Hillsborough, Lee, Manatee, Monroe, Pinellas, Putnam, Sarasota and St. Johns.

The following tax returns will be included in the relief:
-Individual Income Tax Returns;
-Corporate Income Tax Returns;
-Estate and Trust Income Tax Returns;
-Partnership Returns;
-S-Corporation Returns;
-Trust Returns;
-Estate, Gift and GST Tax Returns;
-Annual Information Returns of Tax Exempt Organizations;
-Employment and Certain Excise Tax Returns.    

Additionally, if you receive a late filing or late payment notice that falls within the postponement period, you should immediately contact the IRS at the phone number written on the notice and the penalty will be abated upon proper explanation. Please do not hesitate to contact our office if you are unsure if this extension applies to you.