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Tax Relief for Hurricane Hermine Victims in Florida

While Hurricane Matthew has been front and center in the news the past two weeks, one of its predecessors – Hurricane Hermine, which began on August 31, 2016 – left in its wake a great amount of damage in Florida—including in Hillsborough County, where Skoda Minotti’s office is located.  As a result, President Obama declared that a state of disaster exists in Florida. Accordingly, the IRS announced that affected taxpayers in the counties of Citrus, Dixie, Hernando, Hillsborough, Leon, Levy, Pasco and Pinellas will receive tax relief.

Taxpayers who either reside or have business in these declared disaster areas will have postponed deadlines for filing taxes and making tax payments. For example, certain deadlines falling on or after August 31, and on or before January 17, 2017, have been postponed to January 17, 2017.  The postponements include:

  • Individual returns on extension to October 17, 2016
  • Taxpayers who had a September 15, 2016 deadline for making quarterly estimated tax payments
  • 2015 corporate and partnership returns on extension through September 15, 2016
  • Quarterly payroll and excise tax returns

Additionally, the IRS is waiving failure-to-deposit penalties for employment and excise tax deposits due on or after August 31, 2016 as long as the deposits were made by September 15, 2016.

If you are one of the affected taxpayers listed above, and you receive a late filing or late payment penalty notice from the IRS, you should call the telephone number on the notice to have the IRS abate the penalty.

The IRS automatically identifies taxpayers located in the affected counties and applies automatic relief. However, if you are an affected taxpayer who resides or has a business located outside the covered disaster areas, you must call the IRS disaster hotline at 866-562-5227 to request this tax relief.

If you have any questions regarding the IRS tax relief for victims of Hurricane Hermine, you are welcome to call Tim Donovan at 813-288-8826 or email tdonovan@skodaminotti.com.

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