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Tax Planning

Tax Benefits Available for Victims of Natural Disaster

November 10, 2017 / Ginita Wall, CPA, CFP®
Tax Benefits Available for Victims of Natural Disaster

If you haven’t already filed your taxes and were a victim of recent severe storms, flooding, or disasters you may have more time to pay taxes and file your tax returns if you were affected and in counties designated as federal disaster areas qualifying for individual assistance.

Full Story

Tax News

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

October 12, 2017 / TurboTaxLisa
Hurricane Victims Get Additional Relief with the Disaster Tax Relief and Airport and Airway Extension Act of 2017Following 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 Planning

Tax Relief for Mississippi and Texas Storm Victims

May 13, 2016 / TurboTaxBlogTeam
Tax Relief for Mississippi and Texas Storm VictimsFollowing the multiple disasters in Mississippi over the last year, and recent floods in the Houston, Texas, the Federal Management Agency (FEMA) has declared these disaster areas. As a result, IRS is providing tax relief to victims in these areas, including:...

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Tax News

IRS Update: Tax Guidance Related to Ebola Outbreak

October 31, 2014 / TurboTaxBlogTeam
IRS Update: Tax Guidance Related to Ebola OutbreakThis week the IRS issued two types of guidance for taxpayers, responding to the need for charitable donations and other relief efforts due to the Ebola outbreak in Guinea, Liberia and Sierra Leone. The first provides special relief intended to...

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Tax News

IRS Announcement: Tax Relief for Victims of Colorado Storms

September 16, 2013 / TurboTaxLisa
IRS Announcement: Tax Relief for Victims of Colorado Storms

After a week of severe rain storms followed by heavy flooding in Colorado, the IRS announced today that it is providing tax relief to individuals and businesses impacted by the storms.

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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. The IRS announced that it will provide penalty relief to taxpayers impacted by the storms who were not able to file or pay taxes due until after the April 15th tax deadline.

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Tax News

IRS Announces Extension Deadline for Businesses Impacted by Hurricane Sandy

October 31, 2012 / TurboTaxLisa

Today it was announced that the IRS is giving relief to those who file payroll and excise tax returns and make payments normally due on Wednesday. Find out more.

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Tax News

Tax Savings: The President Signed the Payroll Tax Holiday Into Law

February 24, 2012 / TurboTaxLisa

There’s great news for working taxpayers this week. On February 22, the President signed the payroll tax holiday into law. Find out more.

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Tax News

Payroll Tax Cut Bill Rejected by the House

December 22, 2011 / TurboTaxLisa

On Tuesday, December 20th, House Republicans rejected Senate’s two month extension of the payroll tax cut bill. Find out what’s next here.

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Tax Planning

Disaster Preparedness: How Safe are Your Tax Documents?

August 28, 2011 September 7, 2017 / TurboTaxLisa

Individuals were given some warning about Hurricane Irene, but do you know how to safeguard your assets from this and other types of disasters, expected and unexpected? Here are some tips to help you safeguard important documents such as tax returns.

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