IN THE WAKE OF HURRICANE IRMA, THE IRS IS TAKING ACTION.
Internal Revenue Code Announcement 2017-13 provides relief to victims of Hurricane Irma, which caused damage to Florida and several other areas. It permits easier access to victims’ funds held in workplace retirement plans and in IRAs, for the period beginning September 4, 2017, and ending January 31, 2018. The relief provided in the announcement is in addition to the relief already provided by the IRS pursuant to News Release IR-2017-150.
Announcement 2017-13 will be in IRB 2017-40, dated October 2, 2017.
MATTHEW GOODWIN IS AN ATTORNEY AND NOT AUTHORIZED TO GIVE TAX ADVICE. PLEASE CONTACT YOUR TAX PROFESSIONAL TO LEARN MORE ABOUT THIS AND ANY SUBSEQUENT IRS ANNOUNCEMENTS AND NEWS RELEASES.
