IRS Issues Deadline Relief for West Virginia and Louisiana Storm Victims
The IRS recently issued news releases announcing postponements of tax-related deadlines for taxpayers affected by certain storms. The relief includes extending certain tax filing and tax payment deadlines, as well as the completion of many time-sensitive, tax-related acts described in IRS Revenue Procedure 2018-58 and Treasury Regulation 301.7508A-1(c)(1), such as filing Form 5500 for retirement plans, completing rollovers, and making retirement plan loan payments.
"Affected taxpayer" automatically includes any individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Those who reside or have a business located outside the covered disaster area, but have been affected by the disaster, may contact the IRS at 866-562-5227 to request relief.
West Virginia
On May 28, 2021, the IRS issued News Release WV-2021-01 announcing the postponement of tax-related deadlines for West Virginia victims of severe storms, straight-line winds, tornadoes, and flooding. The tax relief postpones various tax filing and payment deadlines that occurred starting February 27. Affected taxpayers with a covered deadline on or after February 27, 2021, and before June 30, 2021, will have until June 30, 2021, to complete certain time-sensitive, tax-related acts. This includes the May 17 deadline for filing 2020 individual income tax returns and paying any tax due. Taxpayers also have until June 30 to make 2020 IRA contributions.
The areas included in this relief are Boone, Cabell, Kanawha, Lincoln, Logan, Mingo, and Wayne counties in West Virginia.
Louisiana
On June 11, 2021, the IRS issued News Release LA-2021-03 announcing the postponement of certain tax-related deadlines for Louisiana victims of severe storms and flooding. The tax relief postpones various tax filing and payment deadlines that occurred starting May 17. Affected taxpayers with a covered deadline on or after May 17, 2021, and before August 16, 2021, will have until August 16, 2021, to complete the act(s). This includes the May 17 deadline for filing 2020 individual income tax returns and paying any tax due. Taxpayers also have until August 16 to make 2020 IRA contributions.
The areas included in the relief are Ascension, Calcasieu, East Baton Rouge, Iberville, and Lafayette parishes.
