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Tax relief for taxpayers affected by storms in Mississippi (February-March 2019)

Tax relief for taxpayers affected by storms

The IRS announced that taxpayers who have been affected by the severe storms, straight-line winds, tornadoes, and flooding that took place from February 22, 2019, to March 29, 2019, in Mississippi may qualify for tax relief.

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The IRS release—MS-2019-02 (September 24, 2019)—notes that the president declared a major disaster occurred in Mississippi and that subsequently, the IRS announced that affected taxpayers in the following counties may qualify for tax relief: Clay, Humphreys, Issaquena, Lowndes, Monroe, Sharkey, Warren and Yazoo.

The available tax relief includes certain postponed deadlines for taxpayers who reside or have a business in the disaster area (including certain deadlines falling on or after February 22, 2019, and before July 31, 2019, by granting taxpayers additional time to file through July 31, 2019). In addition penalties on payroll and excise tax deposits due on or after February 22, 2019, and before March 11, 2019, will be abated as long as the deposits were made by March 11, 2019.

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 that falls within the postponement period, the taxpayer are directed to call the telephone number on the notice to have the IRS abate the penalty.

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