Hurricane Laura victims entitled to tax relief from IRS

Attention all businesses impacted by Hurricane Laura: IRS has some temporary tax relief for you. And it lasts for the rest of 2020.

Specifically, all tax filing and payment deadlines that occurred beginning Aug. 22 get pushed back to Dec. 31.

So says a recent announcement by IRS.

This tax relief includes:

• quarterly estimated income tax payments due on Sept. 15, and
• quarterly payroll tax returns normally due on Nov. 2.

Located in any area designated by the Federal Emergency Management Agency (FEMA)? Then you qualify.

Current areas include: Acadia, Allen, Beauregard, Calcasieu, Cameron, Grant, Jackson, Jefferson Davis, Lincoln, Natchitoches, Ouachita, Rapides, Sabine, Vermillion, Vernon and Winn parishes in Louisiana.

Jennifer Azara

Jennifer has covered business and finance for more than 24 years. She has written for CFOs, credit and collections professionals and accounts payable practitioners and has spoken at industry conferences on sales and use tax compliance.