IRS Issues Deadline Relief for Colorado Wildfire Victims, Washington Flooding and Mudslide Victims
Deadline Relief for Colorado Wildfire Victims
In early January, the IRS issued a news release announcing the postponement of certain tax-related deadlines for victims of wildfires and straight-line winds in Colorado. The tax relief postpones various tax filing deadlines that began December 30, 2021. Affected individuals and households who reside or have a business in Boulder County, as well as taxpayers with records located in the covered area that are needed to meet covered deadlines, qualify for relief.
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). Affected Colorado taxpayers with a covered deadline on or after December 30, 2021, and before May 16, 2022, will have until May 16, 2022, to complete the acts. This includes filing Form 5500 series returns that are required to be filed on or after December 30, 2021, and before May 16, 2022. Affected taxpayers will have until May 16, 2022, to make 2021 IRA contributions.
Deadline Relief Extended to Washington Flooding and Mudslide Victims
The IRS also issued a news release in mid-January announcing the postponement of certain tax-related deadlines for victims of flooding and mudslides in Washington. The tax relief postpones various tax filing deadlines that began November 13, 2021. Affected individuals and households who reside or have a business in Clallam, Skagit, and Whatcom counties, and the Lummi Nation, Nooksack Indian Tribe, and Quileute Tribe, as well as taxpayers with records located in the covered area that are needed to meet covered deadlines, qualify for relief.
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). Affected Washington taxpayers with a covered deadline on or after November 13, 2021, and before March 15, 2022, will have until March 15, 2022, to complete the acts. This includes filing Form 5500 series returns that are required to be filed on or after November 13, 2021, and before March 15, 2022.
"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 to request relief.
