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2023 Preparedness - Wednesday Wisdom: Week 32


August 9th


We have warned before that you should never plan on the government to rescue you following a disaster. Three weeks ago, we encouraged you to reexamine your insurance coverage. We repeat that request in case you missed it.


According to a recent Epoch Times article, the IRS has extended the deadline for filing taxes to some of those affected by natural disasters. “The July 31 deadline applies to taxpayers affected by four different disaster declarations resulting from severe storms, tornadoes, and straight-line winds during late March and early April of this year.


The following affected areas are included in the latest IRS reminder:


Three counties in Arkansas: Cross, Lonoke, and Pulaski counties, were impacted by storms and tornadoes on March 31.


Thirteen counties in Indiana: Allen, Benton, Brown, Clinton, Grant, Howard, Johnson, Lake, Monroe, Morgan, Owen, Sullivan, and White counties, affected by storms, straight-line winds, and tornadoes from March 31 to April 1.


Seven counties in Mississippi: Carroll, Humphreys, Monroe, Montgomery, Panola, Sharkey, and Washington counties, were hit by severe storms, straight-line winds, and tornadoes from March 24 to 25.


Thirteen counties in Tennessee: Cannon, Giles, Hardeman, Hardin, Haywood, Johnson, Lewis, Macon, McNairy, Morgan, Rutherford, Tipton, and Wayne counties, were impacted by severe storms, straight-line winds, and tornadoes from March 31 to April 1.” *


However, relief is not uniform. “The deadline extensions varied across different disaster areas, with relevant parts of Florida, for example, getting an extension until Aug. 15, while Tennessee storm victims had theirs extended until July 31.


Disaster-area taxpayers in most of California, as well as parts of Alabama and Georgia, were granted an extension until Oct. 16 to file their tax returns and make tax payments.”*


Never rely on government help. Be prepared with food and supplies but don’t ignore cash on hand, a savings account for emergencies only, and developing skills so you can care for your own needs.


* https://www.theepochtimes.com/irs-issues-important-notice-to-storm-victims-in-4-states-about-paying-taxes-owed_5406649.html?utm_source=morningbriefnoe&src_src=morningbriefnoe&utm_campaign=mb-2023-07-21&src_cmp=mb-2023-07-21&utm_medium=email&est=Hcz%2BV%2BQahaczTc92%2BQ%2FumFYBBJhtJRWcTG8jH5GF8yLtGPm6XG4qQkkJv1exik%2F%2B3fI%3D

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