Tax Relief for Victims of Hurricane Matthew in Florida

Tax Relief for Victims of Hurricane Matthew in Florida
 
IRS News: https://www.irs.gov/uac/tax-relief-for-victims-of-hurricane-matthew-in-florida

Updated 11/7/16 to include Broward, Orange, and Osceola counties.

Updated 10/28/16 to include Bradford and Lake counties.

Updated 10/26/16 to include Palm Beach and Seminole counties.

Updated 10/25/16 to include Clay and Martin counties.

Updated 10/18/16 to include Putnam county. 

FL-2016-21, October 18, 2016

Florida — Victims of Hurricane Matthew that took place beginning on October 3, 2016 in parts of Florida may qualify for tax relief from the Internal Revenue Service.

The President has declared that a major disaster exists in the State of Florida. Following the recent disaster declaration for individual assistance issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in the counties of Brevard, Duval, Flagler, Indian River, Nassau, St. Johns, St. Lucie and Volusia will receive tax relief.

Individuals who reside or have a business in Brevard, Duval, Flagler, Indian River, Nassau, St. Johns, St. Lucie and Volusia Counties may qualify for tax relief.

The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after October 3, 2016, and on or before March 15, 2017 have been postponed to March 15, 2017.  This includes the January 17, 2017 deadline for making quarterly estimated tax payments and the 2015 individual returns on extension to October 17. Also included are the Oct 31 and Jan 31 deadlines for quarterly payroll and excise tax returns.

In addition, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after October 3, as long as the deposits were made by October 18, 2016.

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 that falls within the postponement period, the taxpayer should call the telephone number on the notice to have the IRS abate the penalty.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. Affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 866-562-5227 to request this tax relief.

read more: https://www.irs.gov/uac/tax-relief-for-victims-of-hurricane-matthew-in-florida

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