Found 44 Matching Items; Displaying 1 - 10.
After a disaster, affected taxpayers may qualify for tax relief
Tax Tip 2023-67, May 15, 2023 — Tax relief is available for people living in areas that are declared disasters by the Federal Emergency Management Agency. To find out whether an area qualifies for federal disaster relief, taxpayers should check DisasterAssistance.gov.
General Information
Individuals, Businesses
Access retirement funds in a disaster
Tax Tip 2025-04, Jan. 13, 2025 — The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings.
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Individuals
Here’s what a disaster declaration means for taxpayers
Tax Tip 2022-83, May 31, 2022 — Before the IRS can choose to authorize tax relief for disaster victims, the Federal Emergency Management Agency must issue a disaster declaration. Generally, the IRS will authorize disaster tax relief to all areas identified on a disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program.
General Information
Individuals, Small Businesses, Sole Proprietors
Disaster tax relief: What taxpayers need to know
Tax Tip 2024-60, June 24, 2024 — Tax relief is available for people living in areas declared disasters by the Federal Emergency Management Agency. To find out if an area qualifies for disaster tax relief, check IRS news from around the nation.
General Information
Individuals
IRS offers tax relief after major disasters
Tax Tip 2024-83, Oct. 16, 2024 — Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program.
General Information
Individuals
Taxpayers should be cautious of scammers targeting disaster donations
Tax Tip 2024-88, Nov. 7, 2024 — Scammers commonly set up fake charities to take advantage of people’s generosity during natural disasters and other tragic events.
General Information
Individuals
People should donate carefully after a disaster to avoid scams
Tax Tip 2022-119, August 4, 2022 — After an emergency or disaster, people rally to help victims by donating money. Unfortunately, this can give criminals an opportunity to prey on them by soliciting donations for fake charities.
General Information
Individuals
Taxpayers should include financial safety in their disaster preparedness plans
Tax Tip 2022-80, May 24, 2022 — After a natural disaster, personal financial, insurance, medical and other records can be vital to starting the recovery process. Here are some things taxpayers can do to help protect their financial safety in a disaster situation.
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Individuals, Tax Professionals, Charities and Nonprofits, Businesses
Taxpayers in declared disaster areas have more time to file tax returns to get COVID penalty relief
COVID Tax Tip 2022-167, November 1, 2022 — Taxpayers in areas covered by certain Federal Emergency Management Agency disaster declarations may have more time to file their returns to qualify for the penalty relief under Notice 2022-36 for their 2019 and 2020 tax returns.
General Information
Individuals, Businesses
Dealing with Disaster from an Individual Tax Perspective - YouTube video text script
YouTube video titled "Dealing with Disaster from an Individual Tax Perspective"
General Information
Individuals