The Internal Revenue Service announced a special tax relief for Hawai‘i taxpayers within the City and County of Honolulu and Kaua‘i County. Deadlines for various filings and payments have been extended to July 3, according to a press release.
Any taxpayers in the Presidential Disaster Area that receives a penalty notice can contact the IRS to abate any interest and late filing or late payment fees that apply.
Affected filers need to identify themselves as storm victims by writing “Severe Storms – HI” in red ink at the top of their tax forms and any other documents filed with the IRS. Taxpayers who file electronic returns can designate themselves as victims if the tax preparation software contains a “disaster feature.”
Taxpayers in the areas also have the option of claiming disaster-related casualty losses on their federal income tax return for either this year or last year. Individuals can also deduct personal property losses that are not covered by insurance or other reimbursements.
Finally, the IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers who need them to for benefits or to file amended returns claiming casualty losses. Taxpayers should be prepared to explain how the disaster impacts them.
For more information, go to www.irs.gov or call 1-800-TAX-FORM (829-3676). General questions can be directed to 1-800-829-1040.