Reed Smith Client Alerts

Key takeaways

  • The IRS has announced certain tax return and payment relief for individuals and businesses impacted by attacks in Israel, West Bank, and Gaza
  • This relief applies only to certain individuals and businesses and does not apply to all payment obligations
  • Taxpayers with questions about whether they are entitled to claim this relief should seek the guidance of their tax counsel or accountant

Authors: Kelley C. Miller

The Internal Revenue Service today issued Notice 2023-71, which announced tax relief for individuals and businesses affected by the terrorist attacks in the State of Israel. Specifically, covered taxpayers will now have until October 7, 2024, to file various federal returns, make tax payments and perform other time-sensitive, tax-related actions.