News & Analysis as of

Internal Revenue Service Severe Weather

The United States Internal Revenue Service is a bureau of the United States Department of the Treasury. The IRS is charged with collecting revenue and enforcing the Internal Revenue Code.  
Adams and Reese LLP

Post-Hurricane Francine Checklist for Individuals and Businesses

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Hurricane Francine proved to be a true reminder that hurricane preparedness is critically important. With this unique weather event, Hurricane Francine formed in the southern Gulf and within 48 hours was knocking on the...more

Nossaman LLP

UPDATE | Extended Again: Federal and California Tax Relief for California Storms

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As practitioners predicted, the California Franchise Tax Board has adopted the federal November 16, 2023 extensions for similar state returns and payments. To those CPAs and taxpayers who pulled all-nighters to get returns...more

Greenberg Glusker LLP

IRS Issues Notice Extending Tax Filing and Payment Deadline for California Storm Victims

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As a result of the severe storms in California at the end of 2022 and beginning of 2023, in February of this year the IRS extended substantially all tax filing and payment dates until October 16, 2023, for all California...more

Greenberg Glusker LLP

IRS Further Extends Deadline for 1031 Exchanges Affected by the 2023 California Severe Winter Storms: Key Points You Need to Know

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As a result of the severe winter storms, flooding and mud slides that began in California on January 8, 2023, on January 10, 2023, the IRS issued an initial extension of the 45- and 180-day deadlines for IRC §1031 exchange...more

Farella Braun + Martel LLP

Federal and California Taxpayer Relief: Reprieve From Wet Winter Weather

2023 started California off with weather that escapes recent memory. Rain, snow, and surf seemed unrelenting for the first two weeks of January. While this spell of winter storms has brought snow to our slopes and refilled...more

Greenberg Glusker LLP

IRS Extends Deadline for 1031 Exchanges Affected by the 2023 California Severe Winter Storms: Key Points You Need to Know

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As a result of the severe winter storms, flooding and mud slides that began in California on January 8, 2023, the IRS has issued an extension of the 45- and 180-day deadlines for IRC §1031 exchange transactions. ...more

Bond Schoeneck & King PLLC

Hurricane Ian and Informed Giving After Natural Disasters

Many are seeking ways to aid Florida’s devastated communities in the aftermath of Hurricane Ian. In our prior article, “Informed Giving During Times of Crises,” we described how the tools of the tax lawyer can assist in...more

McAfee & Taft

Oklahoma Tax Commission, IRS grant relief due to severe winter storms

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The Oklahoma Tax Commission has granted relief to taxpayers affected by the severe winter storms that began on February 8, 2021. In granting relief, the Commission took into consideration the relief announced by the Internal...more

Jackson Walker

IRS Extends Federal Tax Deadlines for Texas Due to Winter Storms

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The IRS announced that it has extended certain tax return and payment deadlines for those impacted by the Texas winter storms. Texas residents and businesses now have until June 15 to file federal tax returns and make tax...more

Kelley Drye & Warren LLP

Hurricane Disaster Relief

President Signs Bill Granting Hurricane Disaster Relief - In the wake of the devastation caused by Hurricanes Harvey, Irma and Maria, President Trump recently signed the Disaster Tax Relief and Airport and Airway Extension...more

Fox Rothschild LLP

IRS Announces Benefits Relief For Hurricane Victims

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In the wake of Hurricane Harvey, the IRS provided some employee benefits-related relief to plan sponsors and participants. That relief was then extended to the victims of Hurricane Irma....more

Kilpatrick

IRS, PBGC and DOL Provide Additional Hurricane Relief

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The IRS issued an announcement paralleling the relief granted to Hurricane Harvey victims to those in Florida affected by Hurricane Irma. Announcement 2017-13 (the “Announcement”) relaxes hardship distribution standards for...more

Alston & Bird

Dealing with Disaster: Issues and Relief for Employee Benefit Plans

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In the period following natural disasters such as Hurricanes Harvey and Irma, employer plan sponsors will be faced with any number of hardship-related employee benefit plan administration issues. Many of these involve...more

Clark Hill PLC

Donating To Employees Affected By Hurricane Harvey

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According to a recent estimate from the U.S. Chamber of Commerce, companies have pledged more than $157 million to relief efforts addressing the devastation of Hurricane Harvey. But when your own employees are the people in...more

McGuireWoods LLP

Qualified Disaster Relief Payments by Employers Not Taxable Income to Employees

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Hurricane Harvey caused record-breaking devastation to Texas, followed quickly by Hurricane Irma, one of the strongest Atlantic storms in history, wreaking destruction in the southeastern United States. In the midst of these...more

Locke Lord LLP

Hurricane Harvey Relief for Employees and Employers

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Employers seeking to ease the hardships faced by employees in the aftermath of Hurricane Harvey may be looking for ways to provide aid to their own workforces. Qualified Disaster Relief Payments - Generally, a payment...more

Epstein Becker & Green

Hurricane Harvey and Tropical Storm Harvey: What Kind of Relief May Employers Offer to Affected Employees? What About Hurricane...

Employers with employees and operations impacted by Hurricane and Tropical Storm Harvey are asking what type of compensation, employee benefits, and tax relief may be available to them and their affected employees. There are...more

Baker Donelson

Government Agencies Grant Employee-Benefits Relief for Harvey Victims

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In response to Hurricane Harvey and the catastrophic flooding in Texas, the IRS and U.S. Department of Labor have announced relief for those individuals and businesses in the affected disaster areas. The "covered disaster...more

Fox Rothschild LLP

Tax Relief For Victims Of Hurricane Harvey

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The President has declared a major disaster in the State of Texas. The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area....more

Morgan Lewis

Hurricane Harvey Client Alert: Tax Filing and Payment Deadlines Extended for Victims

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Victims of Hurricane Harvey in some designated areas now have until January 31, 2018 to file certain federal tax returns and make payments....more

Baker Donelson

Spotlight on Louisiana: IRS Grants Tax Relief to Louisiana Storm Victims

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In a March 14, 2016, news release (LA-2016-1), the IRS announced that certain Louisiana taxpayers affected by the storms occurring on or around March 8, 2016, will receive tax relief. Eligible Taxpayers - Taxpayers who may...more

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