The relief for hurricane Gustav victims applies to return filing, tax payment and other time-sensitive acts due between September 1, 2008 and January 5, 2009. The relief for victims of hurricane Ike covers individual estimated tax returns and corporate tax returns due on September 15. The IRS ...
AdditionalIRS related tax relief in disastersituations information Start Your Tax Return Now Casualty and Theft Losses If you or your business falls victim to casualty or theft, perhaps due to being located in a disaster area, the IRS may allow you to deduct some or all of your losses on yo...
To check if your area is included, look at the IRS' Tax Relief in DisasterSituations. Wait, I still need to pay the IRS? Yes, even if you get an extension, you still need to pay the IRS if you underpaid your federal taxes last year. ...
For details on these deadlines, how to request more time to file, and how to challenge late filing or late penalty notices, visit the IRS page on Tax Relief in Disaster Situations. Tags Home Severe Weather Tornadoes Snow Winter Spring Download the FOX Weather App Available on iOS & Android ...
WASHINGTON -- The IRS announced Friday that most relief checks issued by states last year aren't subject to federal taxes, providing 11th hour guidance as tax returns start to pour in. A week after telling payment recipients to delay filing returns, the IRS said it won't challenge the tax...
What Taxpayers Need to Know about Disaster Tax Relief.NTFO Continuing Education Credit InformationThe IRS Nationwide Tax Forum Online is registered with the IRS Return Preparer Office and the National Association of State Boards of Accountancy as a qualified sponsor of continuing education. CPAs, Enrol...
I.R.C. § 7508A grants the IRS authority to extend various tax filing deadlines. Under I.R.C. § 7508A(a), if the IRS determines that a taxpayer is affected by a federally declared disaster or a terroristic or military action, the IRS may extend the deadline to perform certain a...
Check the IRS disaster relief announcements if your area experiences a disaster. You can find out whether you're an affected taxpayer and see if your filing deadline has been extended. You can ask the IRS to work with you and set up a payment plan if you have difficulty paying the full...
Less than eight hours after hurricane Idalia made landfall, an IRS release offered tax filing and payment relief to individual taxpayers and businesses in 46 Florida counties, with deadlines pushed out to February 15. Any area added later to the disaster area will also qualify. The IRS website...
the IRS penalty for filing your tax return late or paying IRS taxes late can be up to 25%. For example, if you owe $10,000 in taxes from four years ago, the IRS fines or penalties could be $5,000. Interest also accrues on top of the penalties, so your total tax balance of $...