Search Results for keywords:"federally declared disaster"

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Search Results: keywords:"federally declared disaster"

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  • 2021-02183 — Mandatory 60-Day Postponement of Certain Tax-Related Deadlines by Reason of a Federally Declared Disaster; Hearing
    Type:Proposed Rule
    Citation:86 FR 7987
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS), part of the Treasury Department, has announced a public hearing on proposed regulations related to a new rule that gives a 60-day delay on certain tax-related deadlines due to federally declared disasters. The hearing will take place on March 23, 2021, via teleconference, and individuals interested in speaking must submit their outlines by March 15, 2021. Anyone wishing to attend or testify at the hearing should send an email to the IRS to receive dial-in information. For more details on the hearing and participation, individuals can contact the IRS through the provided phone numbers or email.

    Simple Explanation

    The government wants to make a new rule that gives people extra time, 60 days, to do taxes if there is a big disaster. They will have a special phone meeting to talk about it in March, and people can join if they email the government to get the phone number.

  • 2021-00185 — Mandatory 60-Day Postponement of Certain Tax-Related Deadlines by Reason of a Federally Declared Disaster
    Type:Proposed Rule
    Citation:86 FR 2607
    Reading Time:about 39 minutes

    The Treasury Department and Internal Revenue Service (IRS) have proposed new regulations to implement a 60-day delay on certain tax deadlines for those impacted by a federally declared disaster. These proposed regulations also aim to clarify the definition of such a disaster. The rules would affect individuals, businesses, and any taxpayers with necessary tax records in disaster areas. The IRS welcomes public feedback on these proposed regulations.

    Simple Explanation

    The government wants to give people and businesses more time to do their taxes if they're affected by a big disaster, like a huge storm. But since the rules are a bit confusing, they're asking people for ideas on how to make things clearer and better.