As many of you have heard on the news, in the past week the Atlanta area received a historic amount of rain that left many of the metro counties flooded. Many of the roads in the local area have been washed away and people’s houses are total losses. The vast majority of these individuals did not have flood insurance and are in great need of support and assistance. Representatives from FEMA, GEMA and the Red Cross are frantically assisting these individuals but more help is needed. I would ask anyone who is able in these trying times to please donate to your Red Cross for victims of the flood and if you are in the local Atlanta area, maybe go out and help in the cleanup efforts.
Additionally for those individuals (or businesses located in the flood areas) that are on tax filing extensions, the IRS is moving the tax filing deadline to Dec. 17th. The postponement is for return filing, tax payment and certain other time-sensitive acts otherwise due between Sept. 18 and Dec. 17. The IRS will also waive the future deposit penalties for employment and excise taxes due on or after Sept. 18th. For more information speak to your tax advisor or stop by the IRS website and put “Georgia Flood” into the search box at the top right hand corner.
B. N. S.