September 18, 2012 – The IRS has updated News Release LA/MS-2012-15 describing deadline postponements granted as a result of Hurricane Isaac. Louisiana parishes covered by the grant of relief include Ascension, Assumption, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, St. Bernard, St. Charles, St. Helena, St. James, St. John the Baptist, St. Mary, St. Tammany, Tangipahoa, Terrebonne, and Washington. Initial relief was limited to tax return filings and tax payments, but has now been extended to cover other time-sensitive tax-related acts.
The relief includes an extension of time to complete certain acts under Treasure Regulation 301.7508A-1(c)(1). Among them are completion of rollovers or recharacterizations, correction of certain excesses, making plan loan payments, filing Form 5500, etc. Applicable deadlines falling on or after August 26, 2012, and on or before January 11, 2013, are extended to January 11, 2013.
The relief applies to residents of the identified areas, those whose businesses or records necessary to meet a covered deadline are located there, and to certain relief workers providing assistance following the disaster events. Any individual visiting a covered disaster area who was injured or killed as a result of the event is also entitled to relief. Affected taxpayers who reside or have a business located outside the covered disaster areas are required to call the IRS disaster hotline at 866-562-5227 to request tax-related relief.
This news release may be accessed as follows.
http://www.irs.gov/uac/Tax-Relief-for-Victims-of-Hurricane-Isaac-in-Louisiana