DuvallWheeler, LLP

 

2017 – 09/13

The IRS just announced additional relief for Hurricane Irma victims similar to assistance provided to Hurricane Harvey victims. Employer-sponsored retirement plans can now make loans and hardship distributions to victims of Hurricane Irma and members of their families. IRA participants may also be able to receive distributions under liberalized procedures (although the 10% early withdrawal penalty may still apply). Eligible victims also have more time to make tax payments and file returns. Visit http://bit.ly/2eQFjo4 to find out about available Irma tax relief.