IRS Announces Deadline Relief for Alabama Hurricane Zeta Victims
On December 17, 2020, the IRS issued News Release AL-2020-03, announcing the postponement of certain tax-related deadlines for Alabama victims of Hurricane Zeta, these hurricane events beginning October 28, 2020. In addition to extending certain tax filing and tax payment deadlines, the relief includes completion of many time-sensitive, tax-related acts described in IRS Revenue Procedure 2018-58 and Treasury Regulation 301.7508A-1(c)(1), which include filing Form 5500 for retirement plans, completing rollovers, making retirement plan loan payments, etc.
The area included in the relief at this time includes Clarke, Dallas, Marengo, Mobile, Perry, Washington, and Wilcox counties. Taxpayers in other locations will automatically be added to the relief if the disaster area is further expanded.
Affected taxpayers with a covered deadline on or after October 28, 2020, and on or before March 1, 2021, will have until March 1, 2021, to complete the act(s). “Affected taxpayer” automatically includes anyone who resides or has a business located within the designated disaster area. Those who reside or have a business located outside the identified disaster area, but have been affected by the disaster, may contact the IRS at 866-562-5227 to request the relief.
