The IRS announced on August 9, 2024, that tax relief is available for individuals and businesses in specific counties in North Carolina, South Carolina, Georgia and Florida affected by Hurricane Debby. The IRS updates eligible disaster relief locations on its “Tax relief in disaster situations” web page.
Full information about this IRS relief may be found in the IRS website here, including information about the postponement of various IRS filing deadlines such as tax returns, quarterly estimated income tax payments, and quarterly payroll and excise tax returns. The IRS will work with any taxpayer who lives outside the disaster area but whose records necessary to meet a deadline occurring during the postponement period are located in the affected area. Taxpayers qualifying for relief who live outside the disaster area need to contact the IRS at 866-562-5227.
For more information, contact Michele Loretto, CPA, Senior Manager, at mloretto@tsacpa.com or 716.633.1373.
