Hurricane Florence Victims Get Tax Relief (IR-2018-187)

Hurricane Florence victims get tax relief from the IRS. Individuals who reside or have a business in the following North Carolina counties may qualify for relief:

  • Beaufort,
  • Brunswick,
  • Carteret,
  • Craven,
  • New Hanover,
  • Onslow,
  • Pamlico and
  • Pender.

Also, the IRS may add more counties in the coming days. The current list of eligible counties is always available on the disaster relief page on IRS.gov.

Update 9/17 – Added Bladen, Columbus, Cumberland, Duplin, Harnett, Lenoir, Jones, Robeson, Sampson, and Wayne counties.

Florence Victims Get Tax Relief

Individuals and businesses have until January 31, 2019, to:

  • make estimated tax payments due on September 17, 2018; and
  • file quarterly payroll and excise tax returns normally due on September 30, 2018.

Extended Filing Dates

Now, individuals with filing extensions have until January 31, 2019, to file their 2017 returns. But, the payment extension does not apply to tax payments originally due on April 18, 2018.

Also, calendar-year businesses with filing extensions have until January 31, 2019 to file. This includes:

  • partnerships and S corporations whose 2017 extensions run out on September 17, 2018;
  • C corporations whose 2017 extensions run out on October 15, 2018, and
  • tax-exempt organizations whose 2017 extensions run out on November 15, 2018.

Waiver of Late Deposit Penalties

Also, the IRS will waive late-deposit penalties for payroll and excise tax deposits due on or after September 7, 2018. However, the IRS will abate the penalty only if the deposits are made by September 24, 2018.

Automatic Extensions in Disaster Areas

The extended filing and payment deadlines are automatic for any taxpayer with an IRS address in the disaster area. Thus, these taxpayers do not have to contact the IRS to qualify for the extended deadlines.

However, an affected taxpayer who receives a late filing or late payment notice should contact the IRS at 866-562-5227.

Taxpayers Outside Disaster Area

Finally, the IRS will work with other taxpayers who are affected by the disaster even if they live outside the disaster area. Therefore, these taxpayers should contact the IRS if they:

  • have tax or business records in the affected area; or
  • are assisting relief activities and are affiliated with a recognized government or philanthropic organization.
AUTHOR

Deborah Petro

All stories by: Deborah Petro