LDR Provides Tax and Other Administrative Relief for Hurricane Laura Victims
Tuesday, September 8, 2020
Posted by: Ann Lupo
RIB 20-021 Tax Return Filing and Tax Payment Deadlines Extended for Individuals and Businesses Impacted by Hurricane Laura
In accordance with LA R.S. 47:1514(C), the Secretary of the Louisiana Department of
Revenue (“Department”) is granting automatic filing and payment extensions to taxpayers whose homes, principal places of business, critical tax records, or paid tax preparers are located in parishes declared federal disaster areas following Hurricane Laura.
The declared disaster areas for Louisiana currently include the following parishes: Acadia, Allen, Beauregard, Calcasieu, Cameron, Grant, Jackson, Jefferson Davis, Lincoln, Natchitoches, Ouachita, Rapides, Sabine, Vermillion, Vernon and Winn. If additional parishes are subsequently declared federal disaster areas after publication of this guidance, this guidance will be amended to include those additional parishes.
For tax returns and payments submitted by the extended deadlines, no late filing penalties, late payment penalties, or interest will be due. Any return or tax on which penalty or interest began accruing before August 24, 2020, will not be eligible for this relief.
Income and Franchise Tax Extensions
For individual income, corporation income and franchise, fiduciary income, partnership, and partnership composite tax returns and payments with original or extended due dates on or after August 24, 2020, and on or before November 2, 2020, the automatic extended due date is December 31, 2020. This includes estimated tax payments with original due dates between August 24 and November 2, 2020.
For 2019 calendar year filers, the extended due date for payments was July 17, 2020. Because the income tax was previously due, this guidance does not extend the payment due date of July 17, 2020, for those filers.
Withholding Tax Extensions
For withholding tax returns and payments due on or after August 24, 2020, and on or before November 2, 2020, the automatic extended due date is November 30, 2020.
Sales, Severance, and Excise Tax Extensions
For sales, severance, and excise tax returns and payments with original or extended due dates on or after August 24, 2020, and on or before November 2, 2020, the automatic extended due date is November 30, 2020.
Other Administrative Relief
For taxpayers eligible for extension relief under this guidance, the Department will also grant any extensions upon request on any outstanding audit or litigation matter, including but not limited to, proposed assessments, protests, requests for information, discovery requests, and continuances. Except for system-generated assessments on self-assessed returns, the Department will take no action in issuing formal assessments on audited accounts before November 2, 2020.
Read the complete RIB 20-021 with Tax, Fee, and Information Return Due charts.
IRS Provides Tax Relief for Victims of Hurricane Laura
IR-2020-197 — Victims of Hurricane Laura that began August 22 now have until December 31, 2020, to file various individual and business tax returns and make tax payments, the IRS announced on August 31, 2020. The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance.
At the time of the IRS announcement qualifying areas included Allen, Beauregard, Calcasieu, Cameron, Jefferson Davis and Vernon parishes in Louisiana. FEMA has already added parishes to the individual assistance list (Louisiana Hurricane Laura DR-4559-LA – Designated Areas Individual Assistance). Taxpayers in localities added later to the disaster area will automatically receive the same filing and payment relief.
Questions about the content of this Alert should be directed to LCPA State Government Relations Director Linda Babin.