Texas Employers Affected by Hurricane Harvey Receive Form 5500 Relief

Victims of Hurricane Harvey that took place beginning on Aug. 23, 2017 in parts of Texas may qualify for tax relief from the Internal Revenue Service.

Following the recent disaster declaration, the IRS announced that affected taxpayers in designated Texas counties affected by Hurricane Harvey will receive certain tax relief. The declaration permits the IRS to postpone certain deadlines for taxpayers who have a business in one of the Texas counties identified for individual assistance by the Federal Emergency Management Agency (“FEMA”). The counties identified for individual assistance by FEMA can be found on FEMA’s website at https://www.fema.gov/disaster/4332

Businesses in these counties who have Form 5500 filing deadlines falling on or after Aug. 23, 2017 and before Jan. 31, 2018, are granted additional time to file through Jan. 31, 2018. The extension applies automatically to any business whose address of record with the IRS is located within the affected Texas counties. Those located outside the affected counties who have records within the affected area that are necessary to complete Form 5500 filings must contact the IRS to request the extension relief.

** The full IRS release can be found here https://www.irs.gov/newsroom/tax-relief-for-victims-of-hurricane-harvey-in-texas

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