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IRS Updates, Tax Tips, and Program Information. Anything you want to know to help your business get the money is deserves you can find right here.
Declared Disasters
Tax Tip 2024-83: IRS offers tax relief after major disasters
IRS offers tax relief after major disasters
Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program.
Those who have been affected by a disaster can visit Tax relief in disaster situations on IRS.gov for information on what tax relief applies to them and other resources that will help them recover.
Tax relief
The following types of tax relief are a few of the ways the IRS helps after a major disaster.
The IRS gives taxpayers more time to file and pay: Taxpayers whose address of record is in an area qualifying for IRS disaster tax relief will automatically receive extra time from the IRS to file returns and pay taxes. The IRS's disaster assistance page provides updates and links to resources. Information is also available on the IRS X account (formerly Twitter). Taxpayers can also call the agency's disaster line at 866-532-5227 with questions.
Disaster victims may qualify for a casualty loss tax deduction: Affected people who have lost or damaged property due to a federally declared disaster may qualify to claim a casualty loss deduction. They can claim this on their current or prior-year tax return. This may result in a larger refund.
Taxpayers can apply for a disaster loan or grant: The Small Business Administration offers financial help to business owners, homeowners and renters in a federally declared disaster area. To qualify, a taxpayer must have filed all required tax returns.
What taxpayers need to do
Taxpayers may also need to access their tax records or notify the IRS if they’ve relocated.
Get a tax transcript
People who need a tax transcript to support their disaster claims can get free transcripts by using Get Transcript to access their transcripts immediately online or to request mail delivery. They can also call 800-908-9946 to request mail delivery or submit Form 4506-T, Request for Transcript of Tax Return.
People who need a copy of their tax return should file Form 4506, Request for Copy of Tax Return. The IRS waives the usual fees and expedites requests for copies of tax returns for people who need them to apply for disaster-related benefits or to file amended returns claiming disaster-related losses. If filing Forms 4506-T or 4506, the taxpayer should state on the form the request is disaster related and list the state and type of event. The taxpayer’s ability to provide this information helps to speed up the process.
Notify the IRS of any change of address
After a disaster, people might need to temporarily relocate. Those who move should notify the IRS of their new address by submitting Form 8822, Change of Address, or call the IRS Disaster Hotline at 866-562-5227.
The IRS encourages affected taxpayers to review all federal disaster relief at DisasterAssistance.gov.
More information
Natural Disasters
Tax Tip 2024-83: IRS offers tax relief after major disasters
IRS offers tax relief after major disasters
Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program.
Those who have been affected by a disaster can visit Tax relief in disaster situations on IRS.gov for information on what tax relief applies to them and other resources that will help them recover.
Tax relief
The following types of tax relief are a few of the ways the IRS helps after a major disaster.
The IRS gives taxpayers more time to file and pay: Taxpayers whose address of record is in an area qualifying for IRS disaster tax relief will automatically receive extra time from the IRS to file returns and pay taxes. The IRS's disaster assistance page provides updates and links to resources. Information is also available on the IRS X account (formerly Twitter). Taxpayers can also call the agency's disaster line at 866-532-5227 with questions.
Disaster victims may qualify for a casualty loss tax deduction: Affected people who have lost or damaged property due to a federally declared disaster may qualify to claim a casualty loss deduction. They can claim this on their current or prior-year tax return. This may result in a larger refund.
Taxpayers can apply for a disaster loan or grant: The Small Business Administration offers financial help to business owners, homeowners and renters in a federally declared disaster area. To qualify, a taxpayer must have filed all required tax returns.
What taxpayers need to do
Taxpayers may also need to access their tax records or notify the IRS if they’ve relocated.
Get a tax transcript
People who need a tax transcript to support their disaster claims can get free transcripts by using Get Transcript to access their transcripts immediately online or to request mail delivery. They can also call 800-908-9946 to request mail delivery or submit Form 4506-T, Request for Transcript of Tax Return.
People who need a copy of their tax return should file Form 4506, Request for Copy of Tax Return. The IRS waives the usual fees and expedites requests for copies of tax returns for people who need them to apply for disaster-related benefits or to file amended returns claiming disaster-related losses. If filing Forms 4506-T or 4506, the taxpayer should state on the form the request is disaster related and list the state and type of event. The taxpayer’s ability to provide this information helps to speed up the process.
Notify the IRS of any change of address
After a disaster, people might need to temporarily relocate. Those who move should notify the IRS of their new address by submitting Form 8822, Change of Address, or call the IRS Disaster Hotline at 866-562-5227.
The IRS encourages affected taxpayers to review all federal disaster relief at DisasterAssistance.gov.
More information
Disaster Readiness
Tax Tip 2024-83: IRS offers tax relief after major disasters
IRS offers tax relief after major disasters
Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program.
Those who have been affected by a disaster can visit Tax relief in disaster situations on IRS.gov for information on what tax relief applies to them and other resources that will help them recover.
Tax relief
The following types of tax relief are a few of the ways the IRS helps after a major disaster.
The IRS gives taxpayers more time to file and pay: Taxpayers whose address of record is in an area qualifying for IRS disaster tax relief will automatically receive extra time from the IRS to file returns and pay taxes. The IRS's disaster assistance page provides updates and links to resources. Information is also available on the IRS X account (formerly Twitter). Taxpayers can also call the agency's disaster line at 866-532-5227 with questions.
Disaster victims may qualify for a casualty loss tax deduction: Affected people who have lost or damaged property due to a federally declared disaster may qualify to claim a casualty loss deduction. They can claim this on their current or prior-year tax return. This may result in a larger refund.
Taxpayers can apply for a disaster loan or grant: The Small Business Administration offers financial help to business owners, homeowners and renters in a federally declared disaster area. To qualify, a taxpayer must have filed all required tax returns.
What taxpayers need to do
Taxpayers may also need to access their tax records or notify the IRS if they’ve relocated.
Get a tax transcript
People who need a tax transcript to support their disaster claims can get free transcripts by using Get Transcript to access their transcripts immediately online or to request mail delivery. They can also call 800-908-9946 to request mail delivery or submit Form 4506-T, Request for Transcript of Tax Return.
People who need a copy of their tax return should file Form 4506, Request for Copy of Tax Return. The IRS waives the usual fees and expedites requests for copies of tax returns for people who need them to apply for disaster-related benefits or to file amended returns claiming disaster-related losses. If filing Forms 4506-T or 4506, the taxpayer should state on the form the request is disaster related and list the state and type of event. The taxpayer’s ability to provide this information helps to speed up the process.
Notify the IRS of any change of address
After a disaster, people might need to temporarily relocate. Those who move should notify the IRS of their new address by submitting Form 8822, Change of Address, or call the IRS Disaster Hotline at 866-562-5227.
The IRS encourages affected taxpayers to review all federal disaster relief at DisasterAssistance.gov.
More information
Disaster Recovery
Tax Tip 2024-83: IRS offers tax relief after major disasters
IRS offers tax relief after major disasters
Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program.
Those who have been affected by a disaster can visit Tax relief in disaster situations on IRS.gov for information on what tax relief applies to them and other resources that will help them recover.
Tax relief
The following types of tax relief are a few of the ways the IRS helps after a major disaster.
The IRS gives taxpayers more time to file and pay: Taxpayers whose address of record is in an area qualifying for IRS disaster tax relief will automatically receive extra time from the IRS to file returns and pay taxes. The IRS's disaster assistance page provides updates and links to resources. Information is also available on the IRS X account (formerly Twitter). Taxpayers can also call the agency's disaster line at 866-532-5227 with questions.
Disaster victims may qualify for a casualty loss tax deduction: Affected people who have lost or damaged property due to a federally declared disaster may qualify to claim a casualty loss deduction. They can claim this on their current or prior-year tax return. This may result in a larger refund.
Taxpayers can apply for a disaster loan or grant: The Small Business Administration offers financial help to business owners, homeowners and renters in a federally declared disaster area. To qualify, a taxpayer must have filed all required tax returns.
What taxpayers need to do
Taxpayers may also need to access their tax records or notify the IRS if they’ve relocated.
Get a tax transcript
People who need a tax transcript to support their disaster claims can get free transcripts by using Get Transcript to access their transcripts immediately online or to request mail delivery. They can also call 800-908-9946 to request mail delivery or submit Form 4506-T, Request for Transcript of Tax Return.
People who need a copy of their tax return should file Form 4506, Request for Copy of Tax Return. The IRS waives the usual fees and expedites requests for copies of tax returns for people who need them to apply for disaster-related benefits or to file amended returns claiming disaster-related losses. If filing Forms 4506-T or 4506, the taxpayer should state on the form the request is disaster related and list the state and type of event. The taxpayer’s ability to provide this information helps to speed up the process.
Notify the IRS of any change of address
After a disaster, people might need to temporarily relocate. Those who move should notify the IRS of their new address by submitting Form 8822, Change of Address, or call the IRS Disaster Hotline at 866-562-5227.
The IRS encourages affected taxpayers to review all federal disaster relief at DisasterAssistance.gov.
More information
ClimateTech
Tax Tip 2024-83: IRS offers tax relief after major disasters
IRS offers tax relief after major disasters
Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program.
Those who have been affected by a disaster can visit Tax relief in disaster situations on IRS.gov for information on what tax relief applies to them and other resources that will help them recover.
Tax relief
The following types of tax relief are a few of the ways the IRS helps after a major disaster.
The IRS gives taxpayers more time to file and pay: Taxpayers whose address of record is in an area qualifying for IRS disaster tax relief will automatically receive extra time from the IRS to file returns and pay taxes. The IRS's disaster assistance page provides updates and links to resources. Information is also available on the IRS X account (formerly Twitter). Taxpayers can also call the agency's disaster line at 866-532-5227 with questions.
Disaster victims may qualify for a casualty loss tax deduction: Affected people who have lost or damaged property due to a federally declared disaster may qualify to claim a casualty loss deduction. They can claim this on their current or prior-year tax return. This may result in a larger refund.
Taxpayers can apply for a disaster loan or grant: The Small Business Administration offers financial help to business owners, homeowners and renters in a federally declared disaster area. To qualify, a taxpayer must have filed all required tax returns.
What taxpayers need to do
Taxpayers may also need to access their tax records or notify the IRS if they’ve relocated.
Get a tax transcript
People who need a tax transcript to support their disaster claims can get free transcripts by using Get Transcript to access their transcripts immediately online or to request mail delivery. They can also call 800-908-9946 to request mail delivery or submit Form 4506-T, Request for Transcript of Tax Return.
People who need a copy of their tax return should file Form 4506, Request for Copy of Tax Return. The IRS waives the usual fees and expedites requests for copies of tax returns for people who need them to apply for disaster-related benefits or to file amended returns claiming disaster-related losses. If filing Forms 4506-T or 4506, the taxpayer should state on the form the request is disaster related and list the state and type of event. The taxpayer’s ability to provide this information helps to speed up the process.
Notify the IRS of any change of address
After a disaster, people might need to temporarily relocate. Those who move should notify the IRS of their new address by submitting Form 8822, Change of Address, or call the IRS Disaster Hotline at 866-562-5227.
The IRS encourages affected taxpayers to review all federal disaster relief at DisasterAssistance.gov.
More information
Program Updates
Tax Tip 2024-83: IRS offers tax relief after major disasters
IRS offers tax relief after major disasters
Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program.
Those who have been affected by a disaster can visit Tax relief in disaster situations on IRS.gov for information on what tax relief applies to them and other resources that will help them recover.
Tax relief
The following types of tax relief are a few of the ways the IRS helps after a major disaster.
The IRS gives taxpayers more time to file and pay: Taxpayers whose address of record is in an area qualifying for IRS disaster tax relief will automatically receive extra time from the IRS to file returns and pay taxes. The IRS's disaster assistance page provides updates and links to resources. Information is also available on the IRS X account (formerly Twitter). Taxpayers can also call the agency's disaster line at 866-532-5227 with questions.
Disaster victims may qualify for a casualty loss tax deduction: Affected people who have lost or damaged property due to a federally declared disaster may qualify to claim a casualty loss deduction. They can claim this on their current or prior-year tax return. This may result in a larger refund.
Taxpayers can apply for a disaster loan or grant: The Small Business Administration offers financial help to business owners, homeowners and renters in a federally declared disaster area. To qualify, a taxpayer must have filed all required tax returns.
What taxpayers need to do
Taxpayers may also need to access their tax records or notify the IRS if they’ve relocated.
Get a tax transcript
People who need a tax transcript to support their disaster claims can get free transcripts by using Get Transcript to access their transcripts immediately online or to request mail delivery. They can also call 800-908-9946 to request mail delivery or submit Form 4506-T, Request for Transcript of Tax Return.
People who need a copy of their tax return should file Form 4506, Request for Copy of Tax Return. The IRS waives the usual fees and expedites requests for copies of tax returns for people who need them to apply for disaster-related benefits or to file amended returns claiming disaster-related losses. If filing Forms 4506-T or 4506, the taxpayer should state on the form the request is disaster related and list the state and type of event. The taxpayer’s ability to provide this information helps to speed up the process.
Notify the IRS of any change of address
After a disaster, people might need to temporarily relocate. Those who move should notify the IRS of their new address by submitting Form 8822, Change of Address, or call the IRS Disaster Hotline at 866-562-5227.
The IRS encourages affected taxpayers to review all federal disaster relief at DisasterAssistance.gov.
More information
IRS Updates
Tax Tip 2024-83: IRS offers tax relief after major disasters
IRS offers tax relief after major disasters
Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program.
Those who have been affected by a disaster can visit Tax relief in disaster situations on IRS.gov for information on what tax relief applies to them and other resources that will help them recover.
Tax relief
The following types of tax relief are a few of the ways the IRS helps after a major disaster.
The IRS gives taxpayers more time to file and pay: Taxpayers whose address of record is in an area qualifying for IRS disaster tax relief will automatically receive extra time from the IRS to file returns and pay taxes. The IRS's disaster assistance page provides updates and links to resources. Information is also available on the IRS X account (formerly Twitter). Taxpayers can also call the agency's disaster line at 866-532-5227 with questions.
Disaster victims may qualify for a casualty loss tax deduction: Affected people who have lost or damaged property due to a federally declared disaster may qualify to claim a casualty loss deduction. They can claim this on their current or prior-year tax return. This may result in a larger refund.
Taxpayers can apply for a disaster loan or grant: The Small Business Administration offers financial help to business owners, homeowners and renters in a federally declared disaster area. To qualify, a taxpayer must have filed all required tax returns.
What taxpayers need to do
Taxpayers may also need to access their tax records or notify the IRS if they’ve relocated.
Get a tax transcript
People who need a tax transcript to support their disaster claims can get free transcripts by using Get Transcript to access their transcripts immediately online or to request mail delivery. They can also call 800-908-9946 to request mail delivery or submit Form 4506-T, Request for Transcript of Tax Return.
People who need a copy of their tax return should file Form 4506, Request for Copy of Tax Return. The IRS waives the usual fees and expedites requests for copies of tax returns for people who need them to apply for disaster-related benefits or to file amended returns claiming disaster-related losses. If filing Forms 4506-T or 4506, the taxpayer should state on the form the request is disaster related and list the state and type of event. The taxpayer’s ability to provide this information helps to speed up the process.
Notify the IRS of any change of address
After a disaster, people might need to temporarily relocate. Those who move should notify the IRS of their new address by submitting Form 8822, Change of Address, or call the IRS Disaster Hotline at 866-562-5227.
The IRS encourages affected taxpayers to review all federal disaster relief at DisasterAssistance.gov.
More information
Tax Tips
Tax Tip 2024-83: IRS offers tax relief after major disasters
IRS offers tax relief after major disasters
Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program.
Those who have been affected by a disaster can visit Tax relief in disaster situations on IRS.gov for information on what tax relief applies to them and other resources that will help them recover.
Tax relief
The following types of tax relief are a few of the ways the IRS helps after a major disaster.
The IRS gives taxpayers more time to file and pay: Taxpayers whose address of record is in an area qualifying for IRS disaster tax relief will automatically receive extra time from the IRS to file returns and pay taxes. The IRS's disaster assistance page provides updates and links to resources. Information is also available on the IRS X account (formerly Twitter). Taxpayers can also call the agency's disaster line at 866-532-5227 with questions.
Disaster victims may qualify for a casualty loss tax deduction: Affected people who have lost or damaged property due to a federally declared disaster may qualify to claim a casualty loss deduction. They can claim this on their current or prior-year tax return. This may result in a larger refund.
Taxpayers can apply for a disaster loan or grant: The Small Business Administration offers financial help to business owners, homeowners and renters in a federally declared disaster area. To qualify, a taxpayer must have filed all required tax returns.
What taxpayers need to do
Taxpayers may also need to access their tax records or notify the IRS if they’ve relocated.
Get a tax transcript
People who need a tax transcript to support their disaster claims can get free transcripts by using Get Transcript to access their transcripts immediately online or to request mail delivery. They can also call 800-908-9946 to request mail delivery or submit Form 4506-T, Request for Transcript of Tax Return.
People who need a copy of their tax return should file Form 4506, Request for Copy of Tax Return. The IRS waives the usual fees and expedites requests for copies of tax returns for people who need them to apply for disaster-related benefits or to file amended returns claiming disaster-related losses. If filing Forms 4506-T or 4506, the taxpayer should state on the form the request is disaster related and list the state and type of event. The taxpayer’s ability to provide this information helps to speed up the process.
Notify the IRS of any change of address
After a disaster, people might need to temporarily relocate. Those who move should notify the IRS of their new address by submitting Form 8822, Change of Address, or call the IRS Disaster Hotline at 866-562-5227.
The IRS encourages affected taxpayers to review all federal disaster relief at DisasterAssistance.gov.
More information
ERC Company News
Tax Tip 2024-83: IRS offers tax relief after major disasters
IRS offers tax relief after major disasters
Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster declaration if FEMA identifies at least one area qualifying for their Individual Assistance program.
Those who have been affected by a disaster can visit Tax relief in disaster situations on IRS.gov for information on what tax relief applies to them and other resources that will help them recover.
Tax relief
The following types of tax relief are a few of the ways the IRS helps after a major disaster.
The IRS gives taxpayers more time to file and pay: Taxpayers whose address of record is in an area qualifying for IRS disaster tax relief will automatically receive extra time from the IRS to file returns and pay taxes. The IRS's disaster assistance page provides updates and links to resources. Information is also available on the IRS X account (formerly Twitter). Taxpayers can also call the agency's disaster line at 866-532-5227 with questions.
Disaster victims may qualify for a casualty loss tax deduction: Affected people who have lost or damaged property due to a federally declared disaster may qualify to claim a casualty loss deduction. They can claim this on their current or prior-year tax return. This may result in a larger refund.
Taxpayers can apply for a disaster loan or grant: The Small Business Administration offers financial help to business owners, homeowners and renters in a federally declared disaster area. To qualify, a taxpayer must have filed all required tax returns.
What taxpayers need to do
Taxpayers may also need to access their tax records or notify the IRS if they’ve relocated.
Get a tax transcript
People who need a tax transcript to support their disaster claims can get free transcripts by using Get Transcript to access their transcripts immediately online or to request mail delivery. They can also call 800-908-9946 to request mail delivery or submit Form 4506-T, Request for Transcript of Tax Return.
People who need a copy of their tax return should file Form 4506, Request for Copy of Tax Return. The IRS waives the usual fees and expedites requests for copies of tax returns for people who need them to apply for disaster-related benefits or to file amended returns claiming disaster-related losses. If filing Forms 4506-T or 4506, the taxpayer should state on the form the request is disaster related and list the state and type of event. The taxpayer’s ability to provide this information helps to speed up the process.
Notify the IRS of any change of address
After a disaster, people might need to temporarily relocate. Those who move should notify the IRS of their new address by submitting Form 8822, Change of Address, or call the IRS Disaster Hotline at 866-562-5227.
The IRS encourages affected taxpayers to review all federal disaster relief at DisasterAssistance.gov.
More information
Hear What Our Clients Say
Job Search Agency - FL
"The Economic Recovery team was outstanding with our ERC tax credit. They were highly communicative, very thorough, and their attention to details provided us comfort should anything need to be reviewed. We are recommending them to other companies we do business with as well."
Veteran Non-Profit - IN
"Thank you so much for providing your service. As a non-profit the majority of our help is volunteer. We didn't think we would qualify for this program. Thanks to your team we not only qualified, we will also make up for our shortfall from our last 2 years of little activity in our Donor Campaigns."
Medical Facility - FL
"As an essential business there was no thought to applying for the Employee Retention Credit program. Once we explored all of the various companies providing the same service, we knew we made the right decision when they asked to speak with our in-house legal department first, not just pushing a contract."
Tech Firm - NY
"Our CPA said we did not qualify because we broke even in 2020 and made money in 2021 even though we had to change our entire business. When we spoke with Economic Recovery we found out that we qualified and had ERC available above our 2 PPP grants, we were amazed. They understand this program inside and out."
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