Found 23 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
About Form 5884-D, Employee Retention Credit for Certain Tax-Exempt Organizations Affected by Qualified Disasters
Qualified tax-exempt organizations use this form to claim the employee retention credit for employers affected by qualified disasters.
General Information
Businesses
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
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.
General Information
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
Penalty relief due to statutory exception
You may qualify for penalty relief through a statutory exception for certain situations.
General Information
Small Businesses
Penalty relief for reasonable cause
Some types of penalties are eligible for penalty relief, including the penalties for failure to file or pay on time, or for the failure to deposit certain business taxes as required. You may qualify for relief from penalties if you made an effort to comply with the requirements of the law, but, due to circumstances beyond your control, were unable to meet your tax obligations.
General Information
Small Businesses
Help for victims of Hurricane Idalia
Information about tax relief for victims of Hurricane Idalia.
General Information
Individuals, Tax Professionals, Businesses
Help for victims of Hurricane Ian
Information about tax relief for victims of Hurricane Ian.
General Information
Individuals, Tax Professionals, Businesses
Help for victims of Hurricane Fiona
Information about tax relief for victims of Hurricane Fiona.
General Information
News Media, Individuals, Tax Professionals, Businesses