The IRS today issued a release that briefly summarizes tax relief available to taxpayers affected by Hurricanes Harvey, Irma, and Maria.
As noted in the IRS release—IR-2017-160—the IRS is providing relief to individuals and businesses in any location in Florida, Georgia, Puerto Rico, and the Virgin Islands and located in certain parts of Texas.
Read editions of TaxNewsFlash relating to the hurricane-related tax relief on a dedicated disaster-relief webpage.
The tax relief includes postponed tax deadlines, providing individuals and businesses until January 31, 2018, to file returns and pay taxes due, including:
The IRS also has offered other “special assistance” to disaster-area taxpayers, including:
© 2017 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.