IRS proposes rule regarding federally declared disasters
SHARE ON A proposed rule would make things a little easier for finance teams whose duties get impacted by federally declared disasters. The new IRS rule, The who The regs would create a mandatory 60-day postponement of certain tax deadlines for specific people and organizations, including businesses that have a principal place of employment in a disaster area people who reside in a disaster area relief workers who provide assistance in a disaster area, and taxpayers whose tax records necessary to meet a certain tax deadline are located in a disaster area. The why This rule also aims to clari...
Source: cfodailynews.com