IRS Announces Deadline Relief for Hurricane Helene in Multiple States
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Helene until May 1, 2025. The tax relief postpones various tax filing deadlines for affected individuals and households who reside or have a business in the listed counties, as well as taxpayers with records located in the covered area that are needed to meet covered deadlines, as follows:
- Alabama, beginning September 22, 2024;
- 41 counties in Florida, beginning September 23, 2024;
- Georgia, beginning September 24, 2024;
- North Carolina, South Carolina, and 6 counites in Virginia, beginning September 25, 2024; and
- 8 counties in Tennessee, beginning September 26, 2024.
In addition to extending certain tax filing and tax payment deadlines, the relief includes completion of many time-sensitive, tax-related acts described in IRS Revenue Procedure 2018-58 and Treasury Regulation 301.7508A-1(c)(1). Affected taxpayers with a covered deadline on or after the beginning date, and before May 1, 2025, will have until May 1, 2025, to complete the acts. This includes filing Form 5500 series returns that are required to be filed during this period.
“Affected taxpayer” automatically includes any individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Those who reside or have a business located outside the covered disaster area, but have been affected by the disaster, may contact the IRS to request relief.
Taxpayers should consult with their tax advisor to understand the impact of the deadline relief on their own situation.
