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UPDATED – IRS Delays Various Tax Deadlines for Victims of Hurricane Helene and Hurricane Milton by Angie Adames, CPA

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Posted on October 04, 2024 by Angie Adames

The IRS today is providing tax relief for individuals and businesses affected by Hurricane Helene and Hurricane Milton by extending various tax-filing and tax-payment deadlines to May 1, 2025. The delayed deadline applies automatically to taxpayers with homes or businesses in jurisdictions declared federal disasters by the Federal Emergency Management Agency (FEMA), which includes the […]

IRS Extends Tax Relief to Victims of Hurricane Debbie in South Carolina, Vermont and Portions of Florida and Georgia by Steven Rubin, CPA

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Posted on August 20, 2024 by Steven Rubin

The IRS has extended until Feb. 3, 2025, various tax-filing and tax-payment deadlines for individuals and businesses recently impacted by Hurricane Debbie, which first made landfall on Florida’s Gulf Coast in early August. The postponed deadline applies automatically to taxpayers with homes or businesses located in the following jurisdictions declared as federal disaster areas: Florida: […]

Avoiding Penalties and Interest on Failure to Pay Taxes by Angie Adames, CPA

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Posted on March 31, 2023 by Angie Adames

Gathering required documents and preparing to file federal tax returns each year can become a very cumbersome process. While U.S. tax laws allow individuals to request a six-month filing extension, they require individuals to pay their 2022 tax bills by the original April tax filing deadline, which, for 2023, is April 18. Failure to pay […]