SEP 19, 2017
Kelly Phillips Erb , FORBES STAFF
The Internal Revenue Service (IRS) has announced that Hurricane Irma victims in the entire state of Georgia now have until January 31, 2018, to file certain individual and business tax returns and make certain tax payments (source: IR-2017-156). The announcement parallels relief previously granted to Irma victims throughout Florida and in parts of Puerto Rico and the Virgin Islands, and Harvey victims in parts of Texas.
Here's what the relief entails: tax filing and payment deadlines which began starting on September 7, 2017, will be pushed off until January 31, 2018. That means that returns and payments that were originally due during this period, including the September 15, 2017, and January 16, 2018, deadlines for making quarterly estimated tax payments, will now be January 31, 2018. This includes individual returns on extension, businesses with extensions that ran out on Friday, September 15, 2017, and tax-exempt organizations on extension. Remember, however, that the extensions were an extension of the time to file, not the time to pay, so payments for 2016 tax returns are still keyed to the April 18, 2017, due date.
Relief also includes a waiver of late-deposit penalties for federal payroll and excise tax deposits normally due during the first 15 days of the disaster period.
The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area. That means that taxpayers do not need to contact the IRS to get this relief. However, if you receive a late filing or late payment penalty notice from the IRS and were entitled to relief, you should call the number on the notice to have the penalty abated.