Victims of the recent Oregon wildfire and straight-line winds disasters will receive IRS tax relief from now until January 15, 2021. The IRS has announced its new tax relief efforts in response to the public declaration for individual assistance issued by the Federal Emergency Management Agency (FEMA).1
Business owners and residents in Clackamas, Douglas, Jackson, Klamath, Lane, Lincoln, Linn, and Marion counties qualify for tax relief as well as other taxpayers within areas added later to the disaster region. The current list of localities eligible for disaster is always available on IRS.gov.
The IRS tax relief for the Oregon wildfires victims will postpone specific tax-filing and tax-payment deadlines for those who reside or have a business in the disaster area. This also includes workers who are affiliated with a well-known government or philanthropic organizations that are assisting the relief activities. Certain deadlines falling on or after September 7, 2020 and before January 15, 2021, for instance, are postponed through January 15, 2021.
Third quarter estimated tax payment due on September 15, 2020 and quarterly payroll and excise tax returns due on November 2, 2020 are pushed to the January 15, 2021 deadline. Additionally, tax-exempt organizations, operating on a calendar-year basis, that had a valid extension about to run out on November 16, 2020, will be pushed to the new deadline. Penalties on deposits owed on or after September 7, 2020 and before September 22, 2020 will be pushed out as well – as long as those deposits were made by September 22, 2020.
For taxpayers who receive a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement timeframe, they should call the telephone number printed notice for the IRS penalty abatement.
If you have been affected by the Oregon wildfires, our tax attorneys at GetATaxLawyer.com have the tax law knowledge needed to not only lower your tax balance but to remove any penalties should you receive a notice from the IRS. With the wildfires wreaking havoc throughout the West Coast, our tax lawyers understand how difficult life can currently be and provide tax relief services desperately needed when dealing with the IRS. To learn more about disaster relief for Oregon victims or if you are struggling with other IRS problems, give our team a call at 1-800-290-8160 today.