WE STAND WITH ISRAEL AND THE ISRAELI PEOPLE!
Posted by Hochman Salkin Toscher Perez P.C. 
Posted on Monday, October 16, 2023
WE STAND WITH ISRAEL AND THE ISRAELI PEOPLE!
We are extremely proud that the U.S. Government and the Internal Revenue Service (IRS) also stand with Israel by offering tax relief to those Americans affected by horrendous terrorist attacks on October 7, 2023.
In Notice 2023-71, posted October 13, 2023 on IRS.gov, the IRS provides relief to certain taxpayers who, due to the terrorist attacks, may be unable to meet a tax-filing or tax-payment obligation, or may be unable to perform other time-sensitive tax-related actions.
1. Filing and Payment Relief
The notice postpones various tax filing and payment deadlines that occurred or will occur during the period from October 7, 2023, through October 7, 2024 (postponement period). As a result, affected individuals and businesses will have until October 7, 2024, to file returns and pay any taxes that were originally due during this period. This includes:
- Individuals who had a valid extension to file their 2022 return due to run out on Oct. 16, 2023.
- Calendar-year corporations whose 2022 extensions run out on Oct. 16, 2023.
- Retirement plan contributions and rollover
2. Who Qualifies for Relief?
The following qualify for relief under the notice:
- Any individual whose principal residence or business entity or sole proprietor whose principal place of business is in Israel, the West Bank or Gaza (the covered area).
- Any individual, business or sole proprietor, or estate or trust whose books, records or tax preparer is located in the covered area.
- Anyone killed, injured, or taken hostage due to the terrorist attacks.
- Any individual affiliated with a recognized government or philanthropic organization and who is assisting in the covered area, such as a relief worker.
The IRS will continue to monitor events and may provide additional relief.
The IRS will automatically identify taxpayers whose principal residence or principal place of business is located in the covered area based on previously filed returns and will apply relief. Other eligible taxpayers can obtain this relief by calling the IRS disaster hotline at 866-562-5227. Alternatively, international callers may call 267-941-1000.
If an affected taxpayer receives a late filing or late payment penalty notice from the IRS for the postponement period, the taxpayer should call the number on the notice to have the penalty abated.
