If you are in the unfortunate situation of being affected by a federally declared natural disaster, please contact your 1031 CORP. Exchange Officer immediately. Under Revenue Procedure 2018-58, you may qualify for an extension to your 45-Day Identification and 180-Day Exchange Period deadlines. Extensions are not automatic and they do not apply to state or local states of emergency or all federally declared disasters. IRS issues a Notice or News Release listing the affected areas. A list of affected areas can be found on Tax Relief in Disaster Situation page on the IRS website.
Extensions apply to reverse and delayed exchanges and provide the greater of either a 120 day extension or until the specific deadline date provided in the extension.
Taxpayers that may qualify for an extension are defined as follows: (a) An “affected taxpayer” as defined in IRC section 301.7508A-1(d)(1) of the Procedure and Administration Regulations; OR (b) Has difficulty meeting the 45-day identification or 180-day exchange deadlines for the following or similar reasons:
The extension also applies to relief workers affiliated with recognized charities and government agencies assisting in the affected area.
Note it is imperative that you notify your 1031 CORP. Exchange Officer if you are affected by a federally declared disaster because it is impossible for us know, especially if the disaster area is not where your exchange properties are located.
The IRS disaster help line is 1-866-562-5227.
Individuals and households that reside or have a business in Greenbrier, Logan, McDowell, Mercer, Mingo, Monroe, Summers, Wayne, and Wyoming counties qualify for tax relief.
The general postponement date is November 3, 2025.
Individuals and households that reside or have a business in the entire state qualify for tax relief.
The general postponement date is November 3, 2025.
Individuals and households that reside or have a business in Los Angeles County qualify for tax relief.
The general postponement date is October 15, 2025.
Individuals and households that reside or have a business in Mercer County qualify for tax relief.
The general postponement date is May 1, 2025.
Individuals and households that reside or have a business on the Crow Reservation in southeastern Montana qualify for tax relief.
The general postponement date is February 3, 2025.
Individuals and households that reside or have a business located in Chaves County, New Mexico qualify for tax relief.
The general postponement date is May 1, 2025.
Individuals and households that reside or have a business on the Cheyenne River Reservation in South Dakota qualify for tax relief.
The general postponement date is February 3, 2025.
Individuals and households that reside or have a business on the Saint Regis Mohawk Reservation in Upstate New York qualify for tax relief.
The general postponement date is February 3, 2025.
Individuals and households that reside or have a business in the Havasupai Tribe qualify for tax relief.
The general postponement date is February 3, 2025.
The City and Borough of Juneau qualify for tax relief.
The general postponement date is May 1, 2025.
San Carlos Apache Tribe qualifies for tax relief.
The general postponement date is February 3, 2025.
Alachua, Baker, Bradford, Brevard, Broward, Charlotte, Citrus, Clay, Collier, Colombia, DeSoto, Dixie, Duval, Flagler, Gilchrist, Hamilton, Hardee, Hendry, Hernando, Highlands, Hillsborough, Indian River, Lafayette, Lake, Lee, Levy, Madison, Manatee, Marion, Martin, Miami-Dade, Monroe, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwanee, Taylor, Union, and Volusia counties qualify for tax relief.
The general postponement date is May 1, 2025.
Confederated Tribes and Bands of the Yakima Nation qualify for tax relief.
The general postponement date is February 3, 2025.
All 159 counties qualify for tax relief.
The general postponement date is May 1, 2025.
All 46 counties qualify for tax relief.
The general postponement date is May 1, 2025.
The entire state qualifies for tax relief.
The general postponement date is May 1, 2025.
All 67 counties qualify for tax relief.
The general postponement date is May 1, 2025.
City of Bedford, Bland, Bristol City, Buchanan, Carroll, Covington City, Craig, Danville City, Dickenson, Galax, Giles, Grayson, Montgomery, Norton City, Pittsylvania, Pulaski, Radford, Russell, Scott, Smyth, Tazewell, Washington, Wise, and Wythe counties qualify for tax relief.
The general postponement date is May 1, 2025.
Carter, Cocke, Greene, Hamblen, Hawkins, Johnson, Unicoi, and Washington counties qualify for tax relief.
The general postponement date is May 1, 2025.
Updated 10/3/2024: This news release has been updated for clarification purposes. Tax deadlines remain Feb. 3, 2025, for areas of the state that received Debby-related relief, but not Helene-related relief. Currently, this includes the following 20 counties: Baker, Brevard, Clay, DeSoto, Duval, Flagler, Glades, Hardee, Hendry, Highlands, Lake, Nassau, Okeechobee, Orange, Osceola, Polk, Putnam, Seminole, St. Johns and Volusia. For further details, click on the link below.
Alachua, Bay, Bradford, Calhoun, Charlotte, Citrus, Collier, Columbia, Dixie, Escambia, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Hernando, Hillsborough, Holmes, Jackson, Jefferson, Lafayette, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion, Monroe, Okaloosa, Pasco, Pinellas, Santa Rosa, Sarasota, Sumter, Suwannee, Taylor, Union, Wakulla, Walton and Washington counties qualify for tax relief.
The general postponement date is May 1, 2025.
Barry, Bollinger, Butler, Carter, Howell, Madison, McDonald, New Madrid, Oregon, Reynolds, Ripley, Scott, Shannon, Stoddard, and Texas counties qualify for tax relief.
The disaster date began on May 19, 2024.
The general postponement date is February 3, 2025.
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