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<b>Events</b><br /><br />


2/14/2018 11:00 AM  to 2/14/2018 12:00 PM<br />
<b><a href='https://www.dhgllp.com/resources/events/article/2161/new-year-new-tax-reform'>New Year, New Tax Reform</a></b><br />
Virtual - Webinar<br /><br />


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<a href='https://www.dhgllp.com/resources/alerts/article/2174/changes-in-nc-corporate-annual-report-filing-requirements'><b>Changes in NC Corporate Annual Report Filing Requirements</b></a><br />
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        <h1><a href='https://www.dhgllp.com/resources/alerts/article/2036/hurricane-harvey-tax-relief'>Hurricane Harvey Tax Relief</a></h1>
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        <p><strong>Extension of Time To File</strong></p>
<p>Hurricane Harvey made landfall late Friday night, August 25th near Corpus Christi, Texas and subsequently moved over the Houston area dumping severe rain in Southeast Texas. The IRS has issued tax relief for victims of Hurricane Harvey extending the tax filing deadlines for certain deadlines falling on or after August 23, 2017 and before January 31, 2018. This applies to affected individual and business taxpayers with a filing deadline, whether an original filing date or on extension, where the tax deadline falls between these dates. As such, business tax returns of applicable taxpayers that are due this upcoming September 15th have now been granted an extension to file by January 31st, 2018. Applicable individuals whose tax returns are due October 16th are also granted an extension to file to January 31st, 2018. The extension of time to file also includes quarterly estimated tax payments, and quarterly payroll and excise tax returns. </p>
<p>The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. Other affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 866-562-5227 to request this tax relief.</p>
<p>Currently the impacted counties whose taxpayers may qualify for the relief are Individuals who reside or have a business in Aransas, Bee, Brazoria, Calhoun, Chambers, Fort Bend, Galveston, Goliad, Harris, Jackson, Kleberg, Liberty, Matagorda, Nueces, Refugio, San Patricio, Victoria, Wharton, Colorado, Fayette, Hardin, Jasper, Jefferson, Montgomery, Newton, Orange, Sabine, San Jacinto and Waller Counties. Please continue to check <a href="www.IRS.gov" target="_blank">www.IRS.gov</a> as other counties may be added to the list.</p>
<p><strong>Casualty Losses</strong></p>
<p>Affected taxpayers in a federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either the year in which the event occurred, or the prior year. See IRS Publication 547.
Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684 and its instructions.</p>
<p>Affected taxpayers claiming the disaster loss on a 2016 return should put the Disaster Designation, &ldquo;Texas, Hurricane Harvey&rdquo; at the top of the form so that the IRS can expedite the processing of the refund. For additional information, click <a href="https://www.irs.gov/newsroom/tax-relief-for-victims-of-hurricane-harvey-in-texas" target="_blank">here</a>.&nbsp;</p>
        


        

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