The IRS has extended the deadlines for most income tax returns, income tax payments and other time-sensitive actions for taxpayers affected by Hurricane Florence in federally declared disaster areas. This currently includes only certain parts of North Carolina and South Carolina, but the same filing and payment relief will apply to taxpayers in any localities and states later added to the disaster area by FEMA. The relief applies to deadlines on or after Sept. 7, and postpones them until Jan. 31, 2019. This includes (but is not limited to):
- Partnership and S corporation returns due Sept. 17
- Quarterly estimated tax payments due Sept. 17
- Corporate and individual tax returns due Oct. 15
- Quarterly payroll and excise tax returns due Sept. 30
- Section 965 elections and transfer agreements
The IRS will also abate penalties on payroll and excise tax deposits due on or after Sept. 7 but before Sept. 24, so long as the deposits are made by Sept. 24.
Who is covered?
The IRS relief applies to taxpayers who reside in or have a principal place of business in a designated county and taxpayers whose books, records or tax professionals are located in the disaster area. Relief workers also qualify.
Designated counties in North Carolina as of Oct. 2 include: Beaufort, Bladen, Brunswick, Carteret, Columbus, Craven, Cumberland, Duplin, Harnett, Hoke, Hyde, Johnson, Jones, Lee, Lenoir, Moore, New Hanover, Onslow, Pamlico, Pender, Pitt, Richmond, Robeson, Sampson, Scotland, Wayne and Wilson. South Carolina’s designated counties include Dillon, Horry, Marion and Marlboro. Other counties may be added as FEMA assesses damages. Check the IRS disaster page
for the latest list of counties (and for affected areas in other states).
The IRS automatically identifies taxpayers located in covered disaster areas and applies the administrative relief. Taxpayers whose residence or principal place of business is outside the affected are, but whose records necessary to meet a deadline occurring within the postponement period are in the affected area, must call the IRS disaster hotline at 1 (866) 562-5227 to get relief.
What is covered?
The extended deadline of Jan. 31, 2019, applies to all time-sensitive actions listed in Section 7508A, Treas. Reg. Sec. 301.7508A-1(c)(1) and Rev. Proc. 2007-56 due to be performed on or after Sept. 7, 2018, and before Jan. 31, 2019.
For more information, contact:
Managing Director, National IRS Practice & Procedure Leader
+1 202 521 1513
Managing Director, Washington National Tax Office
+1 202 861 4144
Senior Manager, Washington National Tax Office
+1 202 521 1511
To learn more visit gt.com/tax
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