IRS Provides Relief to Victims of Hurricane Harvey (IR-2017-135)

Victims of Hurricane Harvey that began on August 23, 2017, in parts of Texas may qualify for tax relief from the IRS. Taxpayers in the counties of Aransas, Bee, Brazoria, Calhoun, Chambers, Fort Bend, Galveston, Goliad, Harris, Jackson, Kleberg, Liberty, Matagorda, Nueces, Refugio, San Patricio, Victoria and Wharton are eligible for relief. The tax relief postpones various tax filing and payment deadlines that occurred starting on August 23, 2017. 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. This includes the September 15, 2017 and January 16, 2018 deadlines for making quarterly estimated tax payments. It also includes 2016 income tax returns for individuals that received a tax-filing extension until October 16, 2017. However, the IRS noted that, because tax payments related to these 2016 returns were originally due on April 18, 2017, those payments are not eligible for this relief.

In addition, a variety of business tax deadlines are also affected, including the October 31 deadline for quarterly payroll and excise tax returns. The IRS is waiving late-deposit penalties for federal payroll and excise tax deposits normally due on or after August 23 and before September 7, if the deposits are made by September 7, 2017.

“This has been a devastating storm, and the IRS will move quickly to provide tax relief to hurricane victims,” IRS Commissioner John Koskinen said.” The IRS will continue to closely monitor the storm’s aftermath, and we anticipate providing additional relief for other affected areas in the near future.”

IR-2017-135, 2017FED ¶46,343

IR-2017-135, FINH ¶30,864

Other References:

Code Sec. 6081

CCH Reference – FINH ¶20,345.80

CCH Reference – FINH ¶20,355.55

Code Sec. 6161

CCH Reference – FINH ¶20,585.35

Code Sec. 7508A

CCH Reference – 2017FED ¶42,687C.22

CCH Reference – FINH ¶22,560.30

Tax Research Consultant

CCH Reference – TRC FILEIND: 15,204.25

CCH Reference – TRC FILEBUS: 15,110

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CCHTaxGroup

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