IRS, DOL, and PBGC Announce Disaster Relief in Response to Severe Storms and Flooding in Texas

The IRS announced tax relief for victims of severe storms and flooding in the Texas-Houston area. This relief generally extends from April 17, 2016 through September 1, 2016, and covers taxpayers who reside or have a business in Fayette, Grimes, Harris, or Parker Counties. The relief also includes the filing of Forms 5500 with the IRS. The DOL has mirrored the IRS?ÇÖs Form 5500 filing relief. In addition, PBGC is waiving certain penalties and extending certain deadlines. PBGC?ÇÖs announcement provides relief relating to PBGC deadlines to persons responsible for meeting a PBGC deadline who are located in the disaster area for which the IRS has provided relief. If the IRS adds additional areas in connection with those filing extensions, any person responsible for meeting a PBGC deadline that is located in those additional areas will also be entitled to that relief. The IRS announcement is available?áhere. The DOL announcement is available?áhere. The PBGC announcement is available?áhere.