News & Tax Alerts: Tax Alerts – Federal

IRS Tax Relief to LA Storm Victims; Various Tax Deadlines Extended to Jan 17

Monday, August 15, 2016   (0 Comments)
Posted by: Ann Lupo

LCPA is here to help.

Our thoughts and prayers are with the many impacted by the historic, widespread flooding throughout southeastLouisiana and southern Mississippi. We know all too well the devastating impact caused to homes and businesses.

We will continue to keep you updated on additional resources and assistance as they become available.

If you are in need of office space or have office space you could share with a displaced member, please contact LCPA at 800.288.5272.

Please contact us if we can be of help.

Ron Gitz II, CPA, CGMA
LCPA CEO/Executive Director

IRS Provides Tax Relief to Louisiana Storm Victims;

Various Tax Deadlines Extended to Jan. 17

Louisiana storm victims will have until Jan. 17, 2017, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. All workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization also qualify for relief.

Following this week’s disaster declaration for individual assistance issued by the Federal Emergency Management Agency (FEMA), the IRS said that affected taxpayers in East Baton Rouge, Livingston, St. Helena and Tangipahoa parishes will receive this and other special tax relief. Other locations in Louisiana and other states may be added in coming days, based on damage assessments by FEMA.

The tax relief postpones various tax filing and payment deadlines that occurred starting on Aug. 11, 2016. As a result, affected individuals and businesses will have until Jan. 17, 2017 to file returns and pay any taxes that were originally due during this period. This includes the Sept. 15 deadline for making quarterly estimated tax payments. For individual tax filers, it also includes 2015 income tax returns that received a tax-filing extension until Oct. 17, 2016. The IRS noted, however, that because tax payments related to these 2015 returns were originally due on April 18, 2016, they are not eligible for this relief. A variety of business tax deadlines are also affected including the Sept. 15 deadline for corporation and partnership returns on extension and the Oct. 31 deadline for quarterly payroll and excise tax returns.

In addition, the IRS is waiving late-deposit penalties for federal payroll and excise tax deposits normally due on or after Aug. 11 and before Aug. 26 if the deposits are made by Aug. 26, 2016. Details on available relief can be found on the disaster relief page on

The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area. Thus, taxpayers need not contact the IRS to get this relief. However, if an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date falling within the postponement period, the taxpayer should call the number on the notice to have the penalty abated.

In addition, the IRS will work with any taxpayer who lives outside the disaster area but whose records necessary to meet a deadline occurring during the postponement period are located in the affected area. Taxpayers qualifying for relief who live outside the disaster area need to contact the IRS at 866-562-5227.

Individuals and businesses who suffered uninsured or unreimbursed disaster-related losses can choose to claim them on either the return for the year the loss occurred, or the return for the prior year. See Publication 547 for details.

The tax relief is part of a coordinated federal response to the damage caused by severe storms and flooding and is based on local damage assessments by FEMA. For information on disaster recovery, visit

Recovery Resources

Register With FEMA
Businesses who sustained losses in the designated parishes can begin applying for assistance today by registering online at or by calling

Download the FEMA App:Be prepared and download the FEMA app free on the App Store and Google Play. Learn what to do before, during, and after emergencies with safety tips and receive weather alerts from the National Weather Service for up to five different locations. Click here to download the app.

Apply for a Small Business Administration Disaster Loan
Loans up to $2 million for small businesses, small agricultural cooperatives and most private, nonprofit organizations of all sizes that have suffered disaster-related cash flow problems and need funds for working capital to recover from the disaster’s adverse economic impact. Click here or call 1.800.659.2955 to apply.

Key Contacts

  • Louisiana State Police:225.925.6325 or *LSP from any cell phone
  • American Red Cross:1.866.GET.INFO (1.866.438.4636)
  • Louisiana Department of Justice:
  • Consumer Protection Hotline:1.800.351.4889
  • Cleco Corporation:1.800.622.6537
  • Entergy1.800.ENTERGY; Power Outages: 1.800.9OUTAGE
  • Demco: 1.800.262.1160
  • Washington St. Tammany Electric Cooperative:985.643.6612; Power Outages: 1.866.672.9773
  • Shelter Information for Affected Parishes

* Thanks to LABI for providing content for this resource list.

Questions about the content of this Alert should be directed to Linda Babin.

Society of Louisiana Certified Public Accountants
2400 Veterans Memorial Blvd., Suite 500, Kenner, LA 70062| 504.464.1040 | 800.288.5272
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