Tax relief

The Internal Revenue Service issued a notice giving some breathing room to those involved with micro-captive insurance companies.

Individuals and businesses in a dozen states hit by natural disasters in 2024 will have at least a few extra weeks to file their taxes or ask for an extension.

The IRS is pushing back filing and payment deadlines to Nov. 3.

The pace of natural disasters seems to be accelerating, prompting taxpayers and preparers to search for ways to deduct catastrophic losses.

Lawmakers in the House and Senate reintroduced bipartisan legislation to provide faster filing relief to taxpayers hit by natural disasters.

Affected taxpayers now have until Oct. 15 to file and pay their taxes, matching the federal relief from the IRS.

The IRS has pushed back filing and payment deadlines for those affected by the wildfires to Oct. 15.

The refiled proposal would cut the tax rate for the current fiscal year or provide residential rebates if such a reduction isn't approved by March.

Any returns or payments due on Jan. 9 can be sent in on Jan. 10.

The IRS is reminding those who received filing relief that they likely have to file by Feb. 3 or May 1.

The inspector general issued a report on the Internal Revenue Service's response to the October 2023 attack by Hamas.

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting foreign gifts too late.

The IRS is pushing back filing and payment deadlines for those impacted in Juneau.

So far, around 150 federal disaster declarations have already been announced for 2024, involving 44 states, two territories, and half a dozen Native American tribes or bands.

In the wake of Hurricane Milton, the IRS is pushing back filing and payment deadlines.

The IRS has pushed back filing and payment deadlines for those impacted by the fires that began last June 22.

The Internal Revenue Service is giving eligible farmers and ranches four years to replace drought-stricken livestock, rather than two.

Those affected by the storm now have until Feb. 3 to file and pay their taxes.

In Notice 2024-72, the IRS adding to the relief granted last year.

On the same day the AICPA sent a letter asking for immediate tax relief, the IRS announced widespread relief for the hurricane's victims.