UW-River Falls Foundation

310 South Hall
410 S. Third Street
River Falls, WI 54022

(715) 425-3505 phone
(715) 425-3506 fax
(877) 258-6647 toll-free

Tax ID #: 396064630

Contact Staff

Planned Giving
Text Resize
Subsribe to RSS Feed

Monday October 24, 2016

Washington News

Washington Hotline

New Hurricane Matthew Tax Relief

On October 17 the IRS announced in IR-2016-135 that it will provide additional tax relief to victims of Hurricane Matthew. The relief will apply to affected counties in North Carolina, South Carolina, Georgia and Florida. Tax deadlines on or after October 4, 2016 are generally extended to March 15, 2017.

Some taxpayers in the affected counties had filed for an extension on their 2015 tax returns. The tax extension filing date of October 17, 2016 is now extended to March 15, 2017.

There are other tax waivers in the announcement. If your business was due to deposit tax funds or excise tax amounts between October 4 and October 19, the IRS will waive the late-deposit penalties as long as the amounts are paid by October 19.

If you are in one of the disaster counties and lost your records, the IRS will provide assistance if you call 866-562-5227. In addition, workers who are assisting recognized government or relief organizations may also qualify for the more lenient tax deadlines.

If you have uninsured or disaster losses as a result of Hurricane Matthew, you have an option to deduct them on your 2016 return or on your 2015 return. IRS Pub. 547 may be helpful in choosing the best option.

Editor's Note: If you plan to use the later tax filing deadline, you should check to be certain that your county qualifies. The affected counties are listed in IRS letter IR-2016-135.

Published October 21, 2016
Subsribe to RSS Feed

Previous Articles

October 17 Income Tax Return Deadline

Protecting Your Tax Records from Hurricane Matthew

Olympic Awards Tax Free

Congress Considers Retirement Plans

House Passes Senior Medical Care Bill


University of Wisconsin-River Falls
410 S. 3rd Street, River Falls WI 54022 USA
Campus Information (715) 425-3911