Hurricane Relief for 5500 and PBGC
Hurricane Harvey and Irma victims in parts of Texas, Florida and elsewhere have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, according to the Internal Revenue Service recent Announcements: 2017-11 and 2017-13. This includes a special filing extension for affected taxpayers with valid extensions for their 2016 5500 filings due Oct. 16, and businesses with extensions for Sept. 15.
The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA), as qualifying for individual assistance. Parts of Texas, Florida, Puerto Rico and the Virgin Islands are currently eligible, but taxpayers in localities added later to the disaster area, including those in other states, will automatically receive the same filing and payment relief. The current list of eligible localities is currently available on the disaster relief page on IRS.gov.
The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area. Thus, taxpayers need not contact the IRS to get this relief. However, if an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date falling within the postponement period, the taxpayer should call the number on the notice to have the penalty abated.
In addition, the IRS will work with any taxpayer who lives outside the disaster area but whose records necessary to meet a deadline occurring during the postponement period are located in the affected area. Taxpayers qualifying for relief who live outside the disaster area need to contact the IRS at 866-562-5227.
The PBGC also responded with “Notice 2017-49 and Disaster Relief Announcements 17-09, 17-10, 17-11 and 17-12“.
Please contact Support if you have any questions.
ASC Support
