IRS Postpones Deadlines for Hurricane Harvey Victims

Hurricane Harvey created devastation for many people and businesses. Because of this, the IRS has made adjustments to help those people and businesses by postponing the filing deadline for those tax returns that were due on or after 8/23/17 and before 1/31/18. The new deadline is 1/31/18.

What type of tax returns does it include?

It includes most tax returns including individual, corporate, partnership, S corporation, payroll, employment, certain excise tax returns; estate and trust income tax returns, gift, and generation-skipping transfer tax returns as long as an extension was filed on time if the original due date of the tax return was prior to 8/23/17.

For example, if you filed a timely extension allowing you to file your Form 1120S S Corporation tax return by 9/15/17, then you will have until 1/31/18 to file without incurring a late filing penalty.

Who is covered?

Those individuals and businesses whose principal place of residence or principal place of business is in the federally declared disaster area.

Any individual or business whose records that are needed to meet the IRS deadline are located in the federally declared disaster area.

Any individual who is a relief worker affiliated with a recognized government or philanthropic organization and who is assisting in the federally declared disaster area.

If you feel you or your business should be covered, but don’t necessarily meet the above guidelines, then call IRS Tax Fighters at 888-959-2671 for help.

Do you need to do anything to get the extended deadline?

The IRS’ computer system will automatically make the adjustment based upon the mailing address of you or your business. However, if the address of you or your business is not in the federally declared disaster area and you feel you qualify for the extended deadline, call IRS Tax Fighters at 888-959-2671.

The IRS is normally very good in determining who should and should not receive a late filing penalty in these instances. However, sometimes mistakes are made. If you receive a notice of penalty and you feel you qualify for the postponed deadline, call IRS Tax Fighters at 888-959-2671.

Even though the IRS has postponed the deadline to 1/31/18, it’s really a good idea to start working on completing the tax returns now. January may seem like a long time from now, but time passes quickly and the penalties for late filing can be extremely large. i.e. $10,000, $12,000, etc.

Call IRS Tax Fighters at 888-959-2671 for your tax preparation needs. We resolve and prevent tax problems with the ultimate goal of helping you reduce your annual tax debt, increase your wealth, and move toward financial freedom.



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