Practitioner Advice for Working With Disaster Victims
For taxpayers navigating the aftermath of a natural disaster like storms or wildfires, the path to recovery is a multi-year …
House Committee Advances Bipartisan Tax Bills
The House’s tax-writing committee considered five bills aimed at improving tax fairness and the taxpayer experience on Wednesday – all …
Disaster Tax Relief Bill Signed Into Law
Over the holidays, President Trump signed a popular measure that provides administrative relief for victims of federally declared disasters. Disaster …
New Mexico Updates Guidance on State and Federal Tax Extensions
By Lisa Lopata The New Mexico Taxation and Revenue Department (TRD) has issued information on IRS disaster relief tax payment …
IRS Clarifies Method for Disaster Victims in 9 States to Request Additional Filing Extension (04/07/2025)
The IRS reminded disaster victims in nine states that their 2024 tax filing and payment deadlines are automatically extended until …
IRS Reminds Farmers and Fishers in Disaster Areas of Extended Tax Deadline
While the March 3, 2025, deadline has passed for certain farmers and fishers to file their 2024 federal income tax …
Protect disaster victims’ refunds from getting caught in the Lookback Trap
Mary Lundstedt December 23, 2024 In the wake of a devastating hurricane season, tax practitioners can help those clients affected …
Hawaii Wildfire Victims Provided with Disaster Tax Relief
The IRS has provided expansive tax relief for wildfire victims in Maui and Hawaii counties. Taxpayers who reside or have …
IRS Provides Disaster Relief for Tornado Victims in Illinois and Tennessee
The IRS has provided disaster relief for victims of the storms, tornadoes and flooding that took place starting on Dec. …
IRS Provides Guidance on Tax Treatment and Information Reporting of HAF Payments
The IRS has provided guidance on the federal tax treatment and information reporting requirements for payments made to, or on …