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Optima Tax Relief on IRS Hurricane Ida Disaster Relief for Connecticut

by James Vince
3 years ago
in Business
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As recently as November of 2021, the IRS announced that Hurricane Ida victims in certain parts of Connecticut now have until January 3, 2022, to file taxes and make payments. Optima Tax Relief notes that this adjustment applies to both individual and business taxes.

Table of Contents

  • Which parts of Connecticut does this relief apply to?
  • What does the disaster relief cover?
  • Penalty abatement
  • Reimbursement

Which parts of Connecticut does this relief apply to?

There are parts of the state designated for individual or public assistance. Some of these areas include Fairfield, New London, Mashantucket Pequot Tribal Nation, and the Mohegan Tribal Nation. The qualifying jurisdictions will automatically receive IRS relief. You can access a full list of cities and counties on the IRS disaster relief page.

What does the disaster relief cover?

During a disaster, taxes are the last thing that anyone wants to worry about. Furthermore, a lot of taxpayers will be unable to meet certain filing deadlines due to distress or a lack of resources. With this relief, residents of the affected areas will have more time to file. Whether you’re filing as a business, individual, or joint taxes, your tax deadlines are postponed until January 3, 2022. This relief applies to deadlines that occurred from September 1, 2021, and on.

This relief also applies to extensions and other return deadlines during this period.

If your business was in one of the affected locations, but you do not reside there, you are also eligible for disaster relief. Relief is also available if you work for a government affiliated organization, or philanthropic organization within the affected area.

Penalty abatement

Penalty relief will be automatically applied if the penalty in question occurred during the disaster period. If your penalty is from a previous tax year, or prior to September 1, 2021, then you need to contact the IRS to receive abatement.

Reimbursement

If you suffered from uninsured or unreimbursed disaster-related loss, you are able to claim the loss on your return. Do this by writing FEMA declaration number DR-4629 on your return to claim the loss. More details on this can be found in IRS Publication 547.

James Vince

James Vince

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