Share with your friends

Tax relief for Puerto Rico taxpayers affected by Tropical Storm Isaias

Tax relief for Puerto Rico taxpayers

The IRS issued a release announcing that certain taxpayers in Puerto Rico affected by Tropical Storm Isaias have until November 30, 2020, to file individual and business tax returns and to make certain tax payments.


Related content

The IRS release—PR-2020-02 (September 10, 2020)—notes that the tax relief is available for affected taxpayers following the disaster declaration for individual assistance issued by the Federal Emergency Management Agency. Individuals who reside or have a business in the municipalities of Aguada, Hormigueros, Mayagüez, and Rincón may qualify for tax relief.

The available tax relief includes certain postponed deadlines—including deadlines falling on or after July 29, 2020, and before November 30, 2020—for taxpayers who reside or have a business in the disaster area. This includes individual and business tax filers that had a valid extension to file their 2019 return due to end on October 15, 2020.

The IRS release concludes that if an affected taxpayer with an original or extended filing, payment or deposit due date that falls within the postponement period and receives a late-filing or late-payment penalty notice from the IRS, the taxpayer is directed to call the telephone number on the notice to have the IRS abate the penalty.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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