L_Ann_F Posted September 20, 2018 Posted September 20, 2018 Does anyone know if the hurricane extension applies to a TPA firm that is preparing the 5500 if they are in the declared disaster area? I can't find info on this. Thanks!
Lois Baker Posted September 20, 2018 Posted September 20, 2018 IRS Disaster Relief Notice NC-2018-03 https://www.irs.gov/newsroom/tax-relief-for-victims-of-hurricane-florence-in-north-carolina "The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 866-562-5227 to request this tax relief. ... Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief."
RatherBeGolfing Posted September 20, 2018 Posted September 20, 2018 It is also a good idea to let your clients know that they will most likely get a late notice even when they are entitled to the tax relief, and to forward any such notices to you ASAP so that you can respond. We got a bunch of those after last year's storms for taxpayers who should have been "automatically detected" by the IRS
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now