Hurricane Irma victims in Georgia, parts of Florida and Puerto Rico have been given an extension until January 31, 2018 to file certain individual and business tax returns and make certain tax payments. The IRS granted this relief to parallel the relief for Hurricane Harvey victims.
The relief includes an additional filing extension for taxpayers with valid extensions that run out on October 16, and businesses with extensions that run out on September 15. The IRS noted that because tax payments related to these 2016 returns were originally due on April 18, 2017, those payments are not eligible for this relief. 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.
Taxpayers do not need to contact the IRS to apply for this relief. The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area. However, if an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date falling within the postponement period, the taxpayer should call the number on the notice to have the penalty abated.
Learn more on the IRS website.All Insights