IRS provides tax relief for victims of Hurricane Sally; 15- October deadline, other dates extended to 15-Jan

Have you been a victim of the latest natural disaster Hurricane Sally? Do you know deadline extension and tax relief for affected victims? Based on your location, there is tax relief for hurricane Sally victims. Here’s a glimpse of it.

Hurricane Sally Relief Due Date Extended Oct. 15 to Jan. 15

    • The IRS has declared relief for victims affected by hurricane Sally.
    • The storm arose on 14-September 2020, and taxpayers affected by the storm have an extended deadline till 15-January 2021.
    • It is beneficial for taxpayers to file their business and individual tax returns and for making payments.
    • Taxpayers living in areas issued by the Federal Emergency Management Agency enjoy the relief by IRS.
    • Presently, areas such as Escambia, Baldwin, and Albama mobile counties fall under the affected list.
    • The extension is for business, individual taxpayers, tax-exempt organizations living in the area.
    • Taxpayers working and living in locations of the disaster area list will automatically get the payment and filing relief.
    • The disaster relief page on the IRS website lists the eligible localities for tax relief.

About the Tax Relief

    • All payment and filing deadlines initiating for September 14, 2020, are drawn-out until January 15, 2021.
    • The above dates are for paying taxes and filing returns that are due through the period.
    • They take into account payments and returns due during the period.
    • These also include the individual tax returns that are on an extension and having a due on October 15, 2020.
    • By taking a look at all the cases, relief is just time to file and not payments.
    • Payments for 2019 tax returns are July 15, 2020, due date.
    • The waiver for late penalties falling under quarterly estimated income tax with due on September 15, 2020, also enjoys the relief.
    • Similarly, quarterly federal excise and tax returns with due on November 2, 2020, also enjoy the extensions.

With all these, the calendar year tax-exempt organizations that hold a legal extension due date and run out on November 16, 2020, also enjoy relief. There is additional time for businesses that possess extension. Taxpayers need to note that penalties on excise and payroll tax deposits due on or after September 14 and prior September 29 are put to an end if payments are made by September 29, 2020.

The penalty and filing relief are available for taxpayers with the IRS address record of the disaster location. There isn’t a need to call the IRS regarding relief details. Check your locality with the website and find if you’re eligible for relief. In case the taxpayer receives late payment or late filing penalty notice from the IRS and is subject to relief benefit, then calling the number on the note is the apt way.

File your taxes with tax2efile.com for prompt and easy tax filing. Check for extension and login to the site for a safe tax filing experience. The tax2efile assistance is always at your service in case of queries.

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