The Internal Revenue Service has announced tax relief for people and businesses affected by Hurricane Harvey. As another hurricane might be hitting Georgia, taxpayers in that state might soon be seeing a similar announcement in the future. The IRS has said it will automatically provide penalty and filing relief to any taxpayer whose address of record with the IRS is located within the disaster area. Individuals who live in the area, therefore, are not required to contact the IRS to secure relief.
Specifically, tax payment and filing deadlines that were on or after Aug. 23, 2017 are being pushed to Jan. 31, 2018. Estimated quarterly tax payments, for example, that would have been due Sept. 15, 2017 or Jan. 16, 2018 will now be due on or before Jan. 31, 2018 instead. The relief also applies to tax returns for which filers have secured extensions for filing.
Taxpayers who receive a late payment penalty or late filing notice should contact the IRS if they believe they are entitled to relief. The IRS has said it will work with taxpayers who live outside the disaster area but who have tax records there. Those who believe they may qualify for relief despite living outside the Hurricane Harvey disaster area should contact the IRS by phone.
Also included in the relief are waivers of penalties for late excise tax and federal payroll deposits. Taxpayers who have questions about the IRS actions may want to contact an attorney who can examine the particular facts of the situation and advise the client regarding payment and filing due dates.