close
Share with your friends

IRS provides tax relief for taxpayers affected by California wildfires, Iowa derecho

IRS provides tax relief

The IRS issued releases announcing relief for taxpayers affected by the California wildfires and for taxpayers affected by the derecho in Iowa. In general, tax returns and tax payments with an October 15, 2020 due date are postponed to December 15, 2020.

1000

Related content

  • The IRS release—IR-2020-191—addresses the tax relief for taxpayers affected by the wildfires in California that began August 14, 2020.
  • The IRS release—IR-2020-190—addresses the tax relief for taxpayers affected by the derecho in Iowa that began August 10, 2020.

Both IRS releases note that with this tax relief, various tax filing and payment deadlines originally due during the period that started on August 14 (California) or that started on August 10 (Iowa) are now due on or before December 15, 2020. This relief does not apply to tax payments related to 2019 returns that were due July 15, 2020.

Relief is also provided regarding quarterly estimated income tax payments, quarterly payroll and excise tax returns, and penalties on payroll and excise tax deposits. The IRS releases provide relief for certain tax-exempt organizations, operating on a calendar year basis, that had a valid extension due to expire November 15, 2020, and for businesses with extensions (including calendar year corporations) with extensions for 2019 scheduled to expire October 15, 2020.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal