The new deadline also applies to owners who make quarterly estimated tax payments. The next quarterly deadline had been Sept. 15.
Owners can learn more at the IRS website, www.irs.gov. Search for “Louisiana flood relief.”
The IRS is also relaxing some of the requirements of many 401(k) and similar retirement plans to allow employees to take loans or make withdrawals against their accounts that might otherwise be prohibited. Employers that make the distributions won’t be considered as not complying with the federal rules governing these accounts.
The relief doesn’t apply to all retirement accounts; employers should consult their plan administrators for more information.
More information is available on the IRS website.