For thousands of Americans the tax year 2019, and the calendar year 2020 has been one disaster after another. Fortunately, in the case of declared emergencies, when it comes to taxes, some relief is possible.
Special tax law provisions may help taxpayers and businesses recover financially from the impact of a disaster, especially when the federal government declares their location to be a major disaster area.
Depending on the circumstances, the IRS may grant additional time to file returns and pay taxes.
Both individuals and businesses in a federally declared disaster area can get a faster refund by claiming losses related to the disaster on the tax return for the previous year, usually by filing an amended return.
If you are a victim of any of the following natural disasters, please immediately contact Elite Tax Defense at 833-660-1159 for expert help.