Post-Hurricane IRS Announcements

TRIA lobbyist, Craig Brightup, has shared three storm-related IRS announcements that may be helpful for those with operations in the eastern United States that have been impacted by Hurricanes Helene and Milton:

IRS help available to victims of Hurricanes Helene and Milton; May 1 deadline now applies to individuals and businesses
IR-2024-266, Oct. 11, 2024 — In the wake of the devastating hurricanes that have ravaged Florida and the Southeast in recent weeks, the Internal Revenue Service today reassured victims that it stands ready to provide the tax-related assistance they need to recover from these storms.

IRS granting dyed diesel penalty relief as a result of Hurricane Milton
IR-2024-265, Oct. 11, 2024 — In response to disruptions resulting from Hurricane Milton, the Internal Revenue Service will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway throughout the state of Florida.

IRS provides Hurricane Milton relief; May 1 deadline now applies to individuals and businesses in all of Florida; many businesses qualify for deposit penalty relief
IR-2024-264, Oct. 11, 2024 — Due to Hurricane Milton, the Internal Revenue Service today announced relief for individuals and businesses in 51 counties in Florida. 
Craig has also shared that the IRS has started processing ERC claims again:

IRS accelerates work on Employee Retention Credit claims; agency currently processing 400,000 claims worth about $10 billion
IR-2024-263, Oct. 10, 2024 —The IRS announced today continued progress on Employee Retention Credit claims, with processing underway on about 400,000 claims, representing about $10 billion of eligible claims.