According to the IRS, victims and businesses in specific Texas counties affected by Hurricane Harvey are now eligible for a tax extension.
The tax relief measure defers an assortment of tax filing and payment deadlines that occurred as of August 23, 2017. Individuals and businesses now have until January 31, 2018 to file returns and pay any taxes originally scheduled.
Eligible business tax deadlines include the October 31 deadlines for quarterly payroll and excise tax returns. Additionally, the IRS is also abandoning late-deposit penalties for federal payroll and excise tax deposits normally required on or after August 23, and before September 7, with the assumption deposits will be made by Sept 7, 2017.
The following counties are eligible for tax relief: Austin, Aransas, Batrop, Bee, Brazoria, Calhoun, Chambers, DeWitt, Gonzales, Karnes, Lavaca, Lee, Polk, Tyler, Fort Bend, Galveston, Goliad, Harris, Jackson, Kleberg, Liberty, Matagorda, Nueces, Refugio, San Patricio, Victoria, Walker and Wharton Counties.
If your household or business falls within one of these counties, the IRS will not penalize late filing or late payment. If you do receive a penalty for either, contact the IRS at 866-562-5227.
For more information on the Hurricane Harvey tax relief measure, click here.
These free resources should not be taken as tax or legal advice. Content provided is intended as general information. Tax regulations and laws change and the impact of laws can vary. Consult a tax advisor, CPA or lawyer for guidance on your specific situation.