October 03, 2017
The IRS and DOL have issued further guidance regarding relief available to those individuals impacted by Hurricane Irma. The IRS had offered extensions in relation to certain tax filing deadlines for any individual or business in an area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance. Previous notices had identified parts of Florida, Puerto Rico and the U.S. Virgin Islands as being eligible. This has now been expanded to include all of Florida and Georgia (for Georgia, the relief began on Sept. 7, 2017).
In addition, DOL FAQs (originally issued to address Hurricane Harvey) mentioned in our hurricane-related article in the last edition of Compliance Corner have been updated to reflect the parallel guidance related to those impacted by Hurricane Irma.
IRS IR 2017-155 » IRS IR 2017-156 » IRS GA 2017-02 » FAQs for Participants and Beneficiaries Following Hurricanes Harvey and Irma »