Here is a preview of what might come if Hurricane Irma hits the U.S.
IRS and the Department of Labor (DOL) have made several announcements regarding various tax and retirement plan rules and deadlines that have been modified to allow relief for Hurricane Harvey victims. The latest was an announcement regarding the donation of leave time and vacation time pay to charities for use in helping Hurricane Harvey victims.
IRS has consolidated all notices in one place on their website at www.irs.gov/hurricaneharvey.
Hurricane Irma is now headed toward the U.S. with a possible landfall in Florida. It may be as strong a storm as Hurricane Harvey. If that is the case, we should expect to see the same forms of relief for Irma’s victims as we have for Harvey’s victims.