Vernoia, Enterline + Brewer, CPA LLC

Posts tagged ‘hurricane’

Low-income housing units offered to displaced victims recent disasters

Low-income housing units nationwide may be offered to displaced victims of Hurricanes Michael and Florence, other recent disasters

The Internal Revenue Service has provided temporary relief from certain requirements of the Internal Revenue Code to allow owners and operators of low-income housing projects located anywhere in the United States and its territories to provide temporary emergency housing to individuals who are displaced by a major disaster from their principal residences, regardless of income. (more…)

Watch for Scams During Hurricane Season

With hurricane season running through November 30, taxpayers should remember that criminals and scammers often try to take advantage of generous taxpayers who want to help disaster victims. Everyone should be vigilant, because scams often pop up after a hurricane. (more…)

Disaster Readiness Guidance During National Hurricane Preparedness Week

The IRS reminds taxpayers who may be impacted by hurricanes and other natural disasters that now is a good time to begin preparing for one. National Hurricane Preparedness Week runs from May 6-12. The IRS also wants taxpayers to know that the agency is here to help, including offering a special toll-free hotline for those in federally-declared disaster areas, staffed with IRS specialists trained to handle disaster-related issues. (more…)

Many Hurricane Victims Qualify

Many Hurricane Victims Qualify for Earned Income Tax Credit; Special Method Can Aid Workers Whose Income Dropped

The IRS is urging victims of last year’s hurricanes, especially those who lived in areas affected by Hurricanes Harvey, Irma and Maria, to see if they qualify for the Earned Income Tax Credit (EITC). According to the IRS, many people whose incomes dropped in 2017 may be eligible to choose a special option for figuring the EITC, a credit for low- and moderate-income workers and families. (more…)

IRS Offers Tips for Disaster Preparedness

Hurricane Preparedness Week is May 7-13. The IRS wants to remind taxpayers to prepare for hurricanes and other natural disasters now. By taking a few steps before disaster strikes, taxpayers can reduce their stress when it comes time to file claims or rebuild after the catastrophic event.
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NJ Delinquency grace period enacted for taxpayers affected by natural disasters

Enacted New Jersey legislation provides that interest may not be charged to a delinquent property taxpayer in a municipality that has experienced a flood, hurricane, superstorm, tornado, or other natural disaster (more…)