Resources for Businesses in Official Federal Disaster Areas of Hurricane Matthew
If you and your business were affected by Hurricane Matthew, there are deadline extensions and resources you should know about. Whether you need more time to file taxes or need to know where to file FEMA claims, use this article as a launching point for finding the help you need.
At the end of this article, look for the state where you or your business is located. Under each state, you’ll find links to:
- IRS declarations of which counties qualify for tax filing extensions
- Important FEMA declarations
- State government resources
Not sure if you’re eligible for government assistance? Visit FEMA’s official disaster assistance website to check your eligibility, start an online application, and track the status of that application. There are links to other resources there, too.
The Internal Revenue Service (“IRS”) extended most tax filing deadlines that fell on October 4 or October 17, 2016, to March 17, 2017. Other deadlines have been extended, too. For more specific details and a better understanding of how the IRS tax deadline extensions work, read the IRS notice about tax deadline extensions for individuals and businesses in hurricane-affected areas. (To see if your county or city qualifies, check out the individual IRS state notices. We’ve included links to in the state listings at the end of this alert. The IRS updates individual state notices with new counties as they are recognized and qualify for the deadline extensions.)
If you claim disaster-related losses on your income tax return, you can choose to claim those losses for the year in which the event occurred or the year prior to the disaster. Publication 547 has more details and instructions. Your accountant, tax adviser, or Cherry Bekaert professional can answer your questions, too.
It’s worth noting that when you’re filing claims with the government and on your taxes, you can only claim losses that aren’t covered by insurance or other reimbursements.
State-Specific Information and Resources
- IRS North Carolina Tax Relief Statement
- North Carolina Public Safety homepage
- FEMA NC Major Disaster Declaration
- FEMA NC Designated Disaster Areas
- NC Department of Revenue Tax Relief Notice
- IRS South Carolina Tax Relief Statement
- South Carolina Emergency Management Division Matthew News Release
- FEMA SC Major Disaster Declaration
- FEMA SC Designated Disaster Areas
- SC Department of Revenue Tax Relief Notice
- IRS Georgia Tax Relief Statement
- Georgia Emergency Management and Homeland Security Agency homepage
- FEMA GA Major Disaster Declaration
- FEMA GA Designated Disaster Areas
- IRS Florida Tax Relief Statement
- Florida Division of Emergency Management Disaster Website
- FEMA FL Major Disaster Declaration
- FEMA FL Designated Disaster Areas
- Florida Department of Revenue
- IRS Virginia Tax Relief Statement
- Virginia Department of Emergency Management
- FEMA VA Major Disaster Declaration
- FEMA VA Designated Disaster Areas
Next Action Steps
Have questions about how Hurricane Matthew will affect any of your tax deadlines? Reach out to the Cherry Bekaert Tax Services team for a consultation about your situation.
Need help dealing with recovery and assessing your business loss claims? Reach out to the Litigation Support team and tell them you have questions specifically about their Insurance Recovery services.
Or, feel free to call your local Cherry Bekaert professional in your region.
Whatever you do, know that you aren’t alone as you get back on the road to normal. There are resources and support out there for you.