IRS Launches Gulf Oil Spill Hotline, Plans Special Assistance Day


The IRS announced that it has set up a special toll-free telephone line for taxpayers affected by the oil spill in the Gulf of Mexico. The phone number is 866-562-5227, and it will operate on weekdays from 7 a.m. to 10 p.m.  local time, the IRS said.

The phone line is available to provide information to taxpayers who are having trouble filing their returns or making tax payments because of the oil spill. It will also serve to answer questions from taxpayers who have received payments from BP. In certain cases, the IRS can suspend collection or examination actions for oil-spill victims.

The IRS has also created an FAQ page on its website to address the tax treatment of BP payments and other oil-spill related tax questions.

On July 17, the IRS plans to hold a special Gulf Coast assistance day for taxpayers affected by the oil spill. IRS personnel will be available to meet with taxpayers to resolve oil-spill related tax issues in Mobile, Ala.; Panama City and Pensacola, Fla.; New Orleans, Houma, and Baton Rouge, La.; and Gulfport, Miss. The IRS has not yet announced the times or specific locations in those cities.

More from the JofA:

 Find us on Facebook      Follow us on Twitter

 

SPONSORED REPORT

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.