US IRS Tax Relief WV Storm Disaster

Published on: Mar 19, 2025

On Mar. 14, US IRS offered filing, payment relief to WV storm victims.

  • US IRS offered filing, payment relief to victims in parts of West Virginia due to severe storms, flooding, landslides, mudslides that began on Feb. 15, 2025, see #245387.
  • Overview
  • Tax payers in FEMA designated disaster areas will now have until Nov. 3, 2025, to file various federal individual and business tax returns and make required tax payments.
  • Penalties for failing to make payroll and excise tax deposits due on or after Feb. 15, and before Mar. 3, 2025, will be abated as long as the deposits were made by Mar 3.
  • Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses can choose to claim them in 2024 or 2025.
  • Additional relief may be available to affected taxpayers who participate in a retirement plan / individual retirement arrangement, allowed for additional qualified distributions.
  • US IRS automatically provides filing, penalty relief to any taxpayer with IRS address of record located in disaster area; taxpayers do not need to contact agency to get relief.
Regulators
US IRS
Entity Types
CNSM; Corp
Reference
PR, IR-2025-34, 3/14/2025;
Functions
Accounting; Compliance; Legal; Operations; Reporting; Tax
Countries
United States of America
Category
State
N/A
Products
Corporate
Rule Type
Final
Regions
Am
Rule Date
Mar 14, 2025
Effective Date
Nov 3, 2025
Rule ID
247158
Linked to
Reg. Last Update
Mar 14, 2025
Report Section
US Investment