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Post Date:  9/24/2018
Last Updated:  9/24/2018

Summary
Cross References
- IR-2018-187, September 15, 2018

The IRS has announced that Hurricane Florence victims in parts of North Carolina and elsewhere have until January 31, 2019, to file certain individual and business tax returns and make certain tax payments.

The IRS is offering this relief to any area designated by the Federal Emergency Man- agement Agency (FEMA), as qualifying for individual assistance. Currently, this only includes parts of North Carolina, but taxpayers in localities added later to the disaster area, including those in other states, will automatically receive the same filing and payment relief. The current list of eligible localities is always available on the disaster relief page at www.irs.gov.

The tax relief postpones various tax filing and payment deadlines that occurred starting on September 7, 2018 in North Carolina. As a result, affected individuals and businesses will have until January 31, 2019, to file returns and pay any taxes that were originally due during this period.

This includes quarterly estimated income tax payments due on September 17, 2018, and the quarterly payroll and excise tax returns normally due on October 31, 2018. Businesses with extensions also have the additional time including, among others, calendar-year partnerships whose 2017 extensions run out on September 17, 2018. Taxpayers who had a valid extension to file their 2017 return due to run out on October 15, 2018 will also have more time to file.

In addition, penalties on payroll and excise tax deposits due on or after September 7, 2018, and before September 24, 2018, will be abated as long as the deposits are made by September 24, 2018.

The IRS disaster relief page at www.irs.gov has details on other returns, payments and tax-related actions qualifying for the additional time.

The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area. Thus, taxpayers need not contact the IRS to get this relief. 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.

In addition, the IRS will work with any taxpayer who lives outside the disaster area but whose records necessary to meet a deadline occurring during the postponement period are located in the affected area. Taxpayers qualifying for relief who live outside the disaster area need to contact the IRS at 866-562-5227. This also includes workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization.

Individuals and businesses in a federally-declared disaster area who suffered uninsured or unreimbursed disaster-related losses can choose to claim them on either the return for the year the loss occurred (in this instance, the 2018 return normally filed next year), or the return for the prior year (2017). See IRS Pub. 547 for details.

The tax relief is part of a coordinated federal response to the damage caused by severe storms and flooding and is based on local damage assessments by FEMA. For information on disaster recovery, visit www.disasterassistance.gov.

For more information, see the Hurricane Florence Information Center, www.irs.gov/newsroom/help-for-victims-of-hurricane-florence.

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