Look to the IRS for Tax Help in the Event of a Disaster

The following article was published by the IRS.

storm cloudsJune 1 marks the start of hurricane season. When a hurricane or other disaster strikes, the IRS wants you to know you can count on us for help. We can help you prepare for, and recover from, the destruction it causes.

Here is some of the key disaster-related help and assistance you can get 24/7 on our IRS.gov website:

  • Make a plan. Check out our IRS.gov page “Preparing for a Disaster”. It’s dedicated to help you plan before a disaster hits.
  • Federally declared disasters. Special tax law provisions apply when the federal government declares a major disaster area. These rules can help victims recover financially after a disaster. For instance, the IRS may grant more time to file tax returns and pay tax.
  • Faster refunds possible. You may be able to get a faster refund from losses suffered in a federally declared disaster area. You can claim losses related to the disaster on the tax return for the previous year. You make the claim by filing an amended return in most cases.
  • Disaster declarations. Refer to Tax Relief in Disaster Situations. That page has a list of the latest disaster declarations and any related disaster tax relief.
  • Around the Nation. The Around the Nation section of IRS.gov provides local tax news. It primarily includes IRS tax relief that applies to major disasters.
  • Disaster relief. The IRS has many resources to help those who provide disaster relief. For more on that topic, visit our page Disaster Relief Resources for Charities and Contributors.

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About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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