I wanted to share this information provided by the IRS about the support they are giving to Hurricane Harvey victims. Please take some time to read through and review the links and if you need any clarification, please contact me and I would be happy to assist.
The IRS is providing a variety of tax relief for those affected by Hurricane Harvey. Check IRS.gov for the latest updates.
Hurricane Harvey victims in parts of Texas have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments.
Warn your clients that fake charity scams proliferate after disasters and encourage them to seek out recognized charitable groups for their donations.
401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Harvey and members of their families.
In response to shortages of undyed diesel fuel caused by Hurricane Harvey, IRS will not impose a penalty when dyed diesel fuel is sold for use or used on the highway.
The IRS and its association partners offer numerous resources to tax professionals dealing with disaster situations.