The IRS today released an advance version of Rev. Proc. 2018-58 that provides an updated list of time-sensitive acts that may be postponed under sections 7508 and 7508A.
Rev. Proc. 2018-58 [PDF 465 KB] does not alone provide for any postponements. Rather, the IRS generally publishes a notice or issues other guidance providing relief with respect to a federally declared disaster, or a terroristic or military action.
Section 7508A allows a postponement of the time to perform specified acts for taxpayers affected by a federally declared disaster or a terroristic or military action. The list of acts in Rev. Proc. 2018-58 supplements the list of postponed acts in section 7508(a)(1) and Reg. section 301.7508A-1(c)(1)(vii).
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