Special Tax Relief Following Devastating Hurricanes
Internal Revenue Service (IRS) sent this bulletin at 09/25/2017 04:18 PM EDT![]() |
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The IRS is providing several types of tax relief for those affected by hurricanes hitting Texas, Florida, Georgia, Puerto Rico and the U.S. Virgin Islands. We’re monitoring the situation closely to resolve potential tax related issues as they’re identified. Check IRS.gov/hurricaneharvey and IRS.gov/hurricaneirma often for a current list of all tax relief available in these disaster areas and others. IRS Gives Tax Relief to Victims of Hurricane Harvey; Parts of Texas Now Eligible Hurricane Harvey victims in parts of Texas have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments. This relief also applies to Form 5500 series returns of eligible taxpayers. IRS Gives Tax Relief to Victims of Hurricane Irma; Additional Relief Planned Hurricane Irma victims have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments. This relief also applies to Form 5500 series returns of eligible taxpayers.
Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Harvey The IRS relaxed procedural and administrative rules for retirement plan loans and hardship distributions to certain participants in 401(k), 403(b) and 457(b) plans. Retirement plans can provide this relief for participants who are victims of Hurricane Harvey or for certain family members who lived or worked inside the disaster area.
Like Harvey, Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Irma
The IRS announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Irma and members of their families.
Beware of Fake Charity Scams Relating to Hurricanes Harvey and Irma Fake charity scams proliferate after disasters like Hurricane Harvey and Hurricane Irma. We encourage you to seek out recognized charitable groups for your donations.
Exempt Organizations affected by Harvey and Irma have been granted tax relief. If you have a technical or procedural question about Exempt Organizations, visit the Charities and Nonprofits homepage on IRS.gov. If you have a specific question about exempt organizations, call EO Customer Account Services at 877-829-5500. Please do not reply to this message. |
