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Tax News

Hurricane Victims Get Additional Relief with the Disaster Tax Relief and Airport and Airway Extension Act of 2017

October 12, 2017 / TurboTaxLisa

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Following the devastation left from Hurricanes Harvey, Irma, and Maria, the Disaster Tax Relief and Airport and Airway Extension Act of 2017 was recently signed into law. The bill provides relief, in addition to the already extended tax deadlines provided...

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Tax News

IRS Gives Tax Relief to Victims of Hurricane Harvey and Hurricane Irma

September 15, 2017 / TurboTaxLisa

Following the recent destruction caused by Hurricane Harvey and Hurricane Irma, the IRS has announced tax relief for victims of Hurricane Harvey in parts of Texas and victims of Hurricane Irma in parts of Florida, Puerto Rico and the Virgin...

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Tax Planning

It’s Hurricane Season! Here’s How to Safeguard Your Documents from Natural Disaster

October 24, 2016 September 7, 2017 / TurboTaxLisa

UPDATE 10.24.16: The IRS announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Matthew and members of their families. As a result, participants of these plans may be eligible to take...

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Tax News

IRS Announces Tax Relief for Washington State Mudslide and Flooding Victims

April 7, 2014 / TurboTaxLisa

On April 4th the IRS announced that victims of the recent Washington State floods and mudslides will have until October 15 to file their 2013 individual and business tax returns and pay any taxes due. What Washington taxpayers are eligible...

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Tax News

IRS Announces Immediate Tax Benefits for Contributions to Philippines Typhoon Relief

April 4, 2014 / TurboTaxBlogTeam

Today, the IRS announced that taxpayers who made cash donations for Philippines typhoon relief on or after March 26, 2014 and before midnight on Monday, April 14, 2014, can get an immediate tax benefit when claiming the donation on their...

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Tax Planning

How to Keep Records Safe From Natural Disaster

November 14, 2013 September 7, 2017

One of the worse natural disasters in history hit the Philippines last week. Whether you’ve been hit by a natural disaster or know someone hit by disaster our hearts go out to you or anyone you know faced with this...

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Tax News

IRS Offers Penalty Relief to Storm Victims Unable to File by the Tax Deadline

April 17, 2013 / TurboTaxLisa

Tornados, high winds, and baseball-sized hail wreaked havoc on the South and Midwest last week and over the weekend. As a result, there were power outages and transportation issues, making it difficult for some taxpayers and tax professionals to meet...

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Tax News

IRS Announces Extension Deadline for Businesses Impacted by Hurricane Sandy

October 31, 2012 / TurboTaxLisa

In the aftermath of Hurricane Sandy, the president signed disaster declarations for taxpayers impacted by Hurricane Sandy yesterday. Today it was announced that the IRS is giving relief to those who file payroll and excise tax returns and make payments...

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Tax Deductions and Credits

Can I Claim a Casualty Loss for a Natural Disaster?

October 30, 2012 January 2, 2013 / Jim Wang

Hurricane Sandy and other natural disasters can be devastating for the individuals impacted. You can never replace the personal items lost, but the IRS offers some relief. Jim Wang tells us how to claim a casualty loss when the unexpected...

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Tax Planning

Four Easy Steps to Help You in the Event of a Natural Disaster

October 30, 2012 September 7, 2017 / TurboTaxLisa

As Hurricane Sandy ravaged the East Coast, we can only hope for everyone’s safety. If a natural disaster like Hurricane Sandy impacts you, do you know how to safeguard your records or how to retrieve them? Here are 4 easy...

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