Alaska Disaster Declaration: IRA and HSA Deadlines Extended for Some | Wolters Kluwer
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  • Alaska Disaster Declaration: IRA and HSA Deadlines Extended for Some

    Mike Schiller Onward

    by Mike Schiller, Consultant, Tax Advantaged Accounts, Wolters Kluwer

    Published February 08, 2019




    Due to the destruction caused by an earthquake that took place in Alaska on November 30, 2018, the President has declared several counties in Alaska a federal disaster area. As a result, taxpayers that reside in or have a business located in an affected area may qualify for tax relief.

    The tax relief postpones until April 30, 2019 certain deadlines falling on or after November 30, 2018 and before April 30, 2019. Deadlines that apply to individual retirement accounts (IRAs), Health Saving Accounts (HSAs), Coverdell Education Savings Accounts (CESAs), and other tax advantaged accounts that fall within this time period are extended.

    Please note that unless an act is specifically listed in Revenue Procedure 2018-58, the postponement of time to file and pay does not apply to information returns in the W-2, 1094, 1095, 1097, 1098, or 1099 series; to Forms 1042-S, 3921, 3922 or 8027; or to employment and excise tax deposits. For this reason, the deadline for custodians and trustees to file IRS Forms 1099-R (IRAs), 1099-SA (HSAs), and 1099-Q (CESAs) that report distributions is not extended.

    For an opportunity to learn more about IRAs and other tax advantaged accounts, including Health Savings Accounts and Coverdell Education Savings Accounts, consider joining us for one of our IRA, HSA, or CESA Live Streaming events offered on a variety of topics. For more information call us at 1-800-552-9408.



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