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June 29 deadline for Puerto Rico, Virgin Islands hurricane-affected taxpayers

Deadline for Puerto Rico, Virgin Islands taxpayers

The IRS today issued a release noting that certain taxpayers in Puerto Rico and the U.S. Virgin Islands, affected by Hurricane Maria, will have until June 29, 2018, as a new deadline for tax return filing and tax payments.

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The IRS release—IR-2018-69—notes the tax deadlines for affected individuals and businesses is June 29, 2018, for the following localities:

  • In the U.S. Virgin Islands (starting September 16, 2017)—Islands of St. Croix, St. John and St. Thomas.
  • In Puerto Rico (starting September 17, 2017)—Any of the 78 municipalities

Eligible individuals and businesses will have until June 29, 2018—absent a valid extension request—to file their 2017 tax returns, and to pay any taxes due on those returns. The IRS stated this relief also applies to:

  • Individual estimated tax payments
  • Payroll and excise tax returns
  • Corporate income tax returns originally due or on extension during the relief period
  • Tax-exempt organizations required to file Form 990 series returns with an original deadline falling during this period

The relief also applies to taxpayers who had a valid extension to file their 2016 return that was due to run out on October 16, 2017, and that was already postponed until January 31, 2018.

The IRS stated it will abate any interest, late-payment or late-filing penalty that would otherwise apply for 2017 tax returns. The IRS automatically provides this relief to any taxpayer located in the disaster area. Taxpayers need not contact the IRS for this relief.

Today’s IRS release refers taxpayers to the disaster relief page on the IRS website has details on the returns, payments, and tax-related actions qualifying for the additional time.

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