IRS provides tax relief to those affected by Hurricane Sandy 

October 31: The IRS today announced taxpayers and tax preparers affected by Hurricane Sandy have until November 7, 2012, to file returns and accompanying payments normally due today.

The IRS release—IR-2012-82 [PDF 29 KB]—announces relief for taxpayers and tax preparers in an area affected by Hurricane Sandy or otherwise affected by the storm that hit the Mid-Atlantic and Northeastern areas of the United States this week.


According to the IRS release, the relief primarily applies to businesses whose payroll and excise tax returns and payments are normally due today. No action is required by taxpayers. The relief is automatic.


Regular federal tax deposits are due according to current rules. However, the IRS noted that if taxpayers or tax practitioners receive a penalty notice for this period, they can contact the IRS at the number on the notice to request penalty abatement due to reasonable cause on account of the storm.


IRS stated that it expects to grant additional filing and payment relief as qualifying disaster declarations are issued by the Federal Emergency Management Agency (FEMA).



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©2012 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.


The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to us-kpmgwnt@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.