IRS Provided Tax Relief to 99 Percent of Hurricane Victims Who Qualified

By:
Chris Gaetano
Published Date:
Jul 9, 2018
IRS

The Treasury Inspector General for Tax Administration said in a recent report that, overall, the IRS seems to have done a good job in implementing tax relief for hurricane victims, saying that it was able to provide at least some relief to 99 percent of qualifying taxpayers. As a result of Hurricanes Harvey, Irma, and Maria, the President signed major disaster declarations for Florida, Georgia, Louisiana, Puerto Rico, the Seminole Tribe of Florida, South Carolina, Texas, and the U.S. Virgin Islands. Within these areas, more than 49 million individuals and 19 million businesses were eligible for disaster tax relief. Tax relief includes postponing the date to file tax returns and make tax payments that have an original or extended due date that falls within the postponement period. Further, penalties and interest will not accrue on tax returns or payments with an original or extended due date that falls within the postponement period. 

TIGTA said that, within these areas, 68,733,105 people were eligible for disaster tax relief. Of these, it said the IRS was able to properly place disaster relief freeze codes on the file of 68,635,299 people, or roughly 99 percent. It also said that, of the 46,819 individuals who were under examination when the hurricanes struck, the IRS had postponed activities for 99.5 percent of them, as well as for 99.3 percent of businesses in similar circumstances. The IRS also postponed collection activities for 99.9 percent of the 1.7 million individuals in collection status and 99.9 percent of the 403,805 businesses in the same situation. 

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