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Hurricane Harvey Recovery Information

Here you will find important tax/accounting updates surrounding Hurricane Harvey. Please continue to check back. As we receive more information, we will update this page. Last updated: August 31, 2017.

IRS Gives Tax Relief to Victims of Hurricane Harvey - The IRS has issued IR-2017-135 on August 28, 2017, stating taxpayers and tax preparers affected by Hurricane Harvey will have until January 31, 2018, to file certain individual and business tax returns and make certain tax payments. This includes individual and business taxpayers with filing extensions until September 15, 2017, or October 16, 2017, as applicable. Posted on August 28, 2017. For more information or if you have questions, please contact Martin Euson, Tax Director, at meuson@pkftexas.com.

Tax Relief for Victims of Hurricane Harvey in Texas - In addition to the counties listed in the above link, the IRS has added 11 Texas counties to the list of affected counties where businesses can receive tax relief. Posted on August 30, 2017. For more information or if you have questions, please contact Martin Euson, Tax Director, at meuson@pkftexas.com.

Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane HarveyThe Internal Revenue Service today announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Harvey and members of their families. Posted on August 30, 2017. For more information or if you have questions, please contact Shelly Hayes, Audit Senior Manager, at shayes@pkftexas.com.

 

 

 

 

 

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