Disaster Tax Relief
Background
The Federal Emergency Management Agency (FEMA) declares as many as 75 major disasters each year, 自2005年以来,已经宣布了500多起重大灾害. Yet, 在几乎所有受洪水影响的社区, hurricanes, 龙卷风和其他自然灾害, 很少有人获得他们所需要的联邦税收减免.
The AICPA is concerned about the struggles taxpayers face when they need to make home repairs and reopen their businesses immediately after the disaster. In some cases, such as Hurricane Sandy, 居民和企业尚未获得任何形式的税收减免. 目前的制度没有为灾民提供公平可靠的税收援助.
这就是为什么我们站在前面寻求解决方案, proposing that Congress provide permanent tax benefits that would kick in automatically when FEMA declares a location to be federal disaster area.
This way, 该领域的受害者总是可以指望可靠和及时的税收减免, 他们的188bet亚洲真人体育下载网址可以更好地为他们提供成功的策略建议. "Right now, we're left guessing," testified Troy Lewis, chair of the AICPA's Tax Executive Committee.
AICPA Position
For example, the AICPA recommends that Congress allow business owners and individuals the time they need to claim losses by extending the net operating loss carryback to 5 years. This would also help taxpayers amend prior returns to receive increased refund amounts that they can use to help rebuild. 我们还建议给纳税人更多的时间(5年)来更换他们的财产. Under current law, disaster victims are not able to defer gains from insurance settlements after two years and must pay income taxes on these proceeds; in other words, 他们要为更换房屋或企业的成本纳税. Individuals whose homes are damaged or destroyed often need to tap into additional funds beyond what they may receive from insurance providers or the government. 这就是为什么美国注册188bet亚洲真人体育下载建议国会允许他们最多提取100美元,从他们的退休计划中扣除(不含税),并在五年内偿还这笔钱, and also exclude from taxable income the cancellation of debt income for non-business debts. |
Tax Advocacy Efforts
The AICPA actively monitors and advocates for legislation to provide disaster-related tax relief. Below are a few milestones:
- August 29, 2023 – AICPA Provides Recommendations for Updated Guidance and Clarifications on Disaster Tax Relief
The AICPA provides comments and recommendations for updated guidance and clarifications from the IRS in several areas relating to disaster tax relief. - June 12, 2023 – 美国注册188bet亚洲真人体育下载支持伤亡损失扣除恢复法案
美国注册188bet亚洲真人体育下载提交了一封支持《188bet亚洲真人体育下载》的信, which would repeal the suspension imposed by the Tax Cut and Jobs Act for tax years 2018-2025 of personal casualty loss deductions not attributable to a Federally declared disaster, 最高扣除额为50美元,在2018-2025纳税年度,每年可获得5000美元. In addition, the proposed legislation would extend the period of limitation on filing a claim for credit or refund of tax as a result of a deductible personal casualty loss for tax years 2018-2025. 美国注册188bet亚洲真人体育下载(AICPA)还提出了几项改进立法,除了注意到我们的11 recommendations for disaster tax relief as well. - June 9, 2023 – 美国注册188bet亚洲真人体育下载支持为自然灾害提供备案救济的立法
The AICPA supports legislation which would extend the IRS’s authority to grant tax relief following state-declared disaster emergencies. 它还将强制性的联邦申请延期从60天延长到120天, 这样纳税人就有更多的时间在灾难发生后报税了. - March 17, 2023 – AICPA Comments Requesting Lookback Period for Refunds and Credits to Apply to All Disasters Going Forward
AICPA submitted comments to Treasury and IRS requesting that the IRS apply the relief given in Notice 2023-21 regarding the lookback period for allowing tax credits or refunds to all Federally declared disasters. - February 7, 2023 – · 2023 AICPA Compendium of Tax Legislative Proposals – Simplification and Technical Proposals
作为美国注册188bet亚洲真人体育下载税收立法纲要的一部分,美国注册188bet亚洲真人体育下载 suggested 11 recommendations for permanent and uniform provisions to aid taxpayers in disaster relief situations. - June 2, 2022 – The AICPA submitted “Bipartisan Retirement Bill Language to Permanently Remove Financial Penalties for Individuals Impacted by Natural Disasters .” The provision would preclude immediate taxation on victims of a disaster event who withdraw up to $22,000 from a qualified plan or individual retirement account and repay the amount within three years.
- November 8, 2021 - The AICPA submitted comments on S. 3173《188bet亚洲真人体育下载》. Specifically, 我们支持这项法案所包含的目标, to permanently provide disaster victims affected by a major federally-declared disaster additional tax relief for damages and losses not reimbursed by insurance.
- October 20, 2021 – The AICPA supports S. 2583, the Disaster Retirement Savings Act, and the efforts to permanently remove financial penalties for individuals impacted by natural disasters who choose to use retirement funds to cover unexpected expenses associated with those disasters.
- September 15, 2021 –The AICPA expressed strong support for “S. 2748,自然灾害救济法案”, that would extend the IRS’s authority to grant tax relief following state-declared disasters and states of emergency. 该法案还将强制性的联邦申请延期从60天延长到120天, 这样纳税人就有更多的时间在灾难发生后报税了.
- June 2, 2021- The AICPA has expressed strong support or the bipartisan "申请自然灾害救济法案由众议员朱棣文(加州民主党)和约翰·卡特科(纽约州共和党)介绍。. This bill would extend the Internal Revenue Service’s (IRS) authority to grant tax filing relief following state-declared disasters and states of emergency. The legislation also expands the mandatory federal filing extension from 60 days to 120 days, 这样纳税人就有更多的时间在灾难发生后报税了.
- July 17, 2017 -美国注册188bet亚洲真人体育下载最近提交的 disaster relief provisions 以回应哈奇主席(参议院财政委员会)提出的对税收改革发表评论的要求. We submitted all 10 of our disaster recommendations in item #5 of our individual tax reform letter.
- 2015 - AICPA Brochure on “为自然灾害受害者提供税务宽免.” This was used on the Hill to distribute our 10 permanent provisions to various state representatives’ offices. 2015年9月24日-美国注册188bet亚洲真人体育下载的支持信(AICPA letter to Reed) (AICPA letter to Vitter) for 第三章(仅限永久性条款) 《188bet亚洲真人体育下载网址》(H.R. 3110 & S. 1795).
- July 16, 2015 - Rep. Tom Reed introduced the National Tax Relief Disaster Act 它包含了美国注册188bet亚洲真人体育下载的许多建议.
- Nov. 18, 2014 ——美国注册188bet亚洲真人体育下载税务执行委员会主席Troy Lewis testified 在参议院小企业小组面前, 解释现行制度对纳税人及其顾问的影响.
- Nov. 22, 2013 - The AICPA provided recommendations 向参众两院的税务编写委员会提交永久性的灾难税收减免.
Additional Information & Insights
Related Resources
- 2022年、2021年和2020年自然灾害国家税收申报指南
- AICPA Recommendations for Administrative and Filing and Payment Relief for State and Local Taxes during the Coronavirus Pandemic
- 2020年各州冠状病毒大流行纳税申报指南图表
- 2018年佛罗伦萨和迈克尔飓风州税申报指南
- 美国注册188bet亚洲真人体育下载救灾税收指导和资源
- Chart for 2017 State Filing Relief : we are working with other organizations to compile a list of state relief for recent hurricanes and sharing that information with various state CPA societies in case they are interested in pursuing broader relief.
Impact of Uncertainty, Testimony by Troy Lewis (Video)
为灾民减税:我们可以做得更好, AICPA Insights, January 2014
不可预测的事件需要可预测的税收减免, CPA Advocate, Feb. 2014
Visit the AICPA 伤亡和救灾资源网页 for additional information.