
KPMG International and its member firms are legally distinct and separate entities. Such services are provided solely by member firms in their respective geographic areas. KPMG International provides no audit or other client services. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. The KPMG logo and name are trademarks of KPMG International. 3Īdditionally, President Trump recently signed into law 4 temporary tax relief for victims of Hurricanes Harvey, Irma, and Maria.įlash Alert is an Global Mobility Services publication of KPMG LLPs Washington National Tax practice. The FBAR filing extension now includes victims of Hurricane Maria as well as additional victims of Hurricane Irma in areas recently designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance or public assistance. 1įinCEN updated an earlier notice, 2 which extended the filing deadline for the Report of Foreign Bank and Financial Accounts (FBAR) for calendar year 2016 for certain victims of Hurricane Irma to January 31, 2018. Virgin Islands because of the unexpected and prolonged dislocation caused by the two catastrophic storms. On October 4, 2017, the IRS announced relief for individuals who may otherwise lose their status as a “bona fide resident” of Puerto Rico or the U.S. Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN), have recently announced the expansion of relief granted to victims of Hurricane Irma and Hurricane Maria. For prior tax relief provided by the IRS in disaster situations based on FEMA's declarations of individual assistance, please visit Around the Nation.The U.S.Victims of the severe storms, tornadoes, and straight-line winds that took place beginning on January 20, 2017, in parts of Mississippi, may qualify for tax relief from the Internal Revenue Service, see news release.Victims of the severe storms, tornadoes, and straight-line winds that took place beginning on Januin parts of Georgia, may qualify for tax relief from the Internal Revenue Service, see news release.Victims of the severe storms, tornadoes, and straight-line winds that took place beginning on Februin parts of Louisiana, may qualify for tax relief from the Internal Revenue Service, see news release.Victims of the severe storms, tornadoes, and straight-line winds that took place beginning on Apin parts of Arkansas, may qualify for tax relief from the Internal Revenue Service, see news release.Victims of the severe storms, tornadoes, straight-line winds, and flooding that took place beginning on Apin parts of Missouri, may qualify for tax relief from the Internal Revenue Service, see news release.Victims of the severe storms and flooding that took place beginning on Jin parts of Michigan may qualify for tax relief from the Internal Revenue Service, see news release.Drought-stricken farmers and ranchers have more time to replace livestock much of North Dakota eligible, see news release.IRS explains tax treatment of settlement payments to some Carson homeowners, see news release.Victims of the Severe Storms, Flooding, Landslides, and Mudslides that took place beginning on Jin parts of West Virginia may qualify for tax relief from the Internal Revenue Service, see news release.23, 2017 in parts of Texas may qualify for tax relief from the Internal Revenue Service, see news release. Victims of Hurricane Harvey that took place beginning on Aug.Virgin Islands may qualify for tax relief from the Internal Revenue Service, see news release. Victims of Hurricane Irma that took place beginning on Sept.
