Storm Related Victims :: Wamhoff Financial & Accounting


Storm Related Victims

If you were a victim of the recent Mississippi and Missouri storms you will have until May 16th to file your tax returns and pay any taxes due. Also all workers providing assistance with the relief effort will also receive the extension. Note the activities must be a recognized government or philanthropic organization.

The IRS automatically provides penalty and filing relief to these taxpayers with an IRS address of record located in the disaster area. You do not need to contact the IRS to get this relief. However, if you do receive a notice for filing late or a late payment penalty, you will need to contact the phone number on the notice and have the penalty abated.

Other situations that may occur will require a telephone call:

The taxpayer lives outside the disaster area but their tax records are located in the disaster area and therefore they cannot file by 4/18/2016. They can qualify for relief but must contact the IRS at 866-562-5227.

The affected areas for Mississippi are listed below:
Benton, Panola, Coahoma, Prentiss, Marshall, Quitman, Monroe, Tippah
(There may be other counties added based on damage assessment by FEMA)

The affected areas for Missouri are listed below:
Barry, Barton, Camden, Cape Girardeau, Cole, Crawford, Franklin, Gasconade, Greene, Hickory, Jasper, Jefferson, Laclede, Lawrence, Lincoln, Maries, McDonald, Morgan, Newton, Osage, Phelps, Polk, Pulaski, Scott, St. Charles, St. Francois, St. Louis, Ste. Genevieve, Stone, Taney, Texas, Webster, and Wright
(There may be other counties added based on damage assessment by FEMA)

The IRS allows both individuals and businesses who suffered uninsured or unreimbursed disaster related losses to claim the loss in the year it occurred, or in the prior year. Please contact us to discuss your situation.