IRS expands tax relief to hurricane victims in Florida | KPMG | GLOBAL

IRS expands tax relief to hurricane victims in Florida

IRS expands tax relief to hurricane victims in Florida

The IRS announced taxpayers in Florida affected by Hurricane Irma have until January 31, 2018, to file certain individual and business tax returns and to make certain tax payments. This tax relief applies for taxpayers with valid return-filing extensions that are set to expire on October 16, and for businesses with extensions that expired September 15.

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As noted in the IRS release—IR-2017-155—this expanded relief applies to any area designated by the Federal Emergency Management Agency as qualifying for either individual assistance or public assistance in Florida. 

The tax relief postpones various tax filing and payment deadlines that occurred starting on September 4, 2017, in Florida. As a result, affected individuals and businesses will have until January 31, 2018, to file returns and pay any taxes that were originally due during this period.

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