“Qualified disaster” declarations allowing employer-sponsored charities to provide relief (Montana, Oklahoma)
FEMA’s disaster declarations allow certain employer-sponsored charities to provide disaster relief programs for affected employees.
Allowing employer-sponsored charities to provide relief (Montana, Oklahoma)
Following a June 2022 storm in Montana and May 2022 storms in Oklahoma, the Federal Emergency Management Agency (FEMA) issued disaster declarations for individual assistance.
Read the declarations on the FEMA declared disasters webpage
FEMA’s disaster declarations allow certain employer-sponsored charities to provide disaster relief programs for affected employees. In particular, employer-sponsored private foundations and donor-advised funds may provide assistance to the sponsoring employer’s employees and their family members as long as the individuals receiving aid are affected by a qualified disaster and certain safeguards are in place so that such assistance is serving charitable purposes. Read Publication 3833 [PDF 340 KB].
IRS tax relief
- The IRS issued a release announcing tax relief for taxpayers in Montana that were affected by the June 2022 storm and flooding. The tax relief provided by the IRS to affected taxpayers postpones until October 17, 2022, various tax filing and payment deadlines that occurred starting on or after June 10, 2022.
- The IRS also issued a release announcing tax relief for taxpayers in Oklahoma that were affected by the May 2022 storms, tornadoes, and flooding. The tax relief provided by the IRS to affected taxpayers postpones until September 1, 2022, various tax filing and payment deadlines that occurred starting on or after May 2, 2022. The September 1, 2022 deadline applies to the calendar-year 2021 return for tax-exempt organizations, normally due on May 16, 2022.
For additional information regarding how employers can assist employees affected by a disaster, read a 2021 report [PDF 172 KB] prepared by KPMG LLP: What’s News in Tax: Employers Helping Employees—Disaster Relief
For more information, contact a tax professional with KPMG’s Washington National Tax practice:
Ruth Madrigal | firstname.lastname@example.org
Preston Quesenberry | email@example.com
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