The Peck Group, LC
  • Comprehensive Tax Law Representation Since 1995

    We handle every aspect of tax law: preparing tax returns, representing clients during audits, resolving IRS and state tax controversies, and creating tax planning strategies for the future.

  • Problems With The IRS Or State Tax

    Our attorneys are committed to providing efficient and effective tax solutions for individuals and businesses in Georgia and nationwide.

  • Planning For The Future

    Our lawyers help individuals and businesses with all aspects of estate and tax planning. We help our clients use proactive strategies to minimize tax implications in the future

  • Changing The Balance Of Power

    Does it feel like the government has all the power? Taxpayers have rights, too. We use our knowledge of tax law to shift the balance of power and ensure that your rights are protected.

  • Tax Solutions … And Peace Of Mind

What tax relief is there for Georgia businesses after Irma?

In recent posts, we have focused attention on how government is helping Georgia residents recover in the wake of Tropical Storm Irma. First, there were pledges of help. Since then, agencies at the state and federal levels have started to make good on the promises and the latest one provides some specific help for individuals who live or have businesses in the state.

With the declaration of President Trump, the IRS is now extending deadlines on some tax payments for those in affected areas. Here's a more detailed breakdown. It is not a complete list and so consulting with qualified tax professionals is recommended.

  • Tax payment delays: If you were facing a deadline on taxes as of Sept. 7 and through Jan. 31, 2018, you have until the last day of January to meet the obligations. The grant also applies to estimated tax payments owed in that time.
  • Tax filing delays: Individuals and businesses who had extensions for filing that expired Sept. 15, 2017, and tax exempt operations under extension, have until the Jan. 31 date to file. It's important to note that the grace covers only filings. If taxes are owed for 2016, payments are expected.

The IRS emphasizes that if you are in a covered class and you receive notice concerning filing or payment penalties, you shouldn't just ignore the letter. Rather, to receive abatement on the penalty, call the phone number included in the notice.

If you are an affected class who lives or has a business outside the disaster area, you need to seek relief by calling the agency's disaster hotline at 866-562-5227. Other information can be obtained directly from the government by visiting the disaster relief page at IRS.gov.

The final thing to keep in mind is that taxes are a complicated feature of our daily lives. Serious events like Irma add to the confusion and it can be easy to make innocent mistakes when trying to take advantage of tax relief efforts. If errors lead to issues with the IRS later, protect yourself by consulting an experienced attorney.

No Comments

Leave a comment
Comment Information
Email us for a Response

Talk to an Attorney

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

The Peck Group, LC
5855 Sandy Springs Circle N.E., Suite 190
Atlanta, GA 30328

Phone: 770-884-6914
Fax: 770-933-2369
Atlanta Office Location

Payment Cards