Join 250,000+
professionals today
Add Insights to your inbox - get the latest
professional news for free.
Join our 250K+ subscribers
Join our 250K+ subscribers
Subscribe15 APR 2025 / IRS UPDATES
When life gives you tornadoes and floods, at least the IRS gives you more time. That’s right, taxpayers across all 170 counties in Tennessee and Arkansas are getting a breather after the wild weather kicked off on April 2, 2025. If you’re managing clients in these states, the IRS just gives you a critical window to recalibrate. Thanks to a coordinated FEMA-IRS move, deadlines for federal tax filings and payments have been officially extended to November 3, 2025. Let’s unpack what that means, minus the legalese and panic.
Whether you're prepping 1040s, juggling corporate returns, or planning estimated tax payment reminders, here’s what’s now officially due November 3, 2025:
Also: Payroll and excise tax deposits due between April 2 and 17 get penalty abatement if made by April 17.
Pro tip: This applies under Section 7508A, so extended deadlines include all related returns mentioned in Rev. Proc. 2018-58, just not things like W-2s or 1099s. Review the exclusions carefully.
If your client has an IRS address on file in any of Tennessee’s 95 or Arkansas’s 75 counties, they’re already covered, no calls are needed. But if you’ve got clients who moved post-filing, or practitioners working remotely from other states for affected businesses, you may need to call the IRS Special Services line (866-562-5227) to activate relief. Also: This relief isn’t just for locals. If your client's records were destroyed or unreachable due to the disaster, even if they live outside the zone, they’re eligible too.
Now’s the time to start prepping 4684s. Taxpayers with uninsured or unreimbursed disaster losses can elect to claim them on either their 2024 or 2025 returns. Write the FEMA number on the top of the return:
These losses are subject to Section 165(i), so if they want faster refunds, amending 2024 might make sense.
For clients with retirement distributions or early withdrawals tied to storm damage or economic hardship, there's additional leeway:
Always check plan rules. This isn’t a one-size-fits-all situation.
As a tax pro, this extension gives you a tactical advantage, but only if you act fast. Review your client base, segment those impacted, and revise workflows, communication cadences, and filing strategies accordingly. And don’t let that Nov. 3 date sneak up on you while you’re juggling Q4 prep. For full IRS guidance, see: IRS Disaster Relief. Subscribe to MYCPE ONE Insights and stay in the know on IRS relief, filing extensions, and all things tax.
Until next time…
Don’t forget to share this story on LinkedIn, X and Facebook
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
Earn CPE Credits by Simply Reading Articles – Starting at Just $199/Year!
50 of the Top 200 Accounting Firms trust MYCPE ONE for their team’s learning—why not you? With 15,000+ approved content hours, 500+ emerging subject areas, and automated compliance tracking, staying ahead has never been easier.
We don’t just create boring tax, accounting, and audit content—our platform offers engaging, insightful, and trending material that your team will actually enjoy while earning CPE credits.
Sign up today, go through the comprehensive list of features and unlock unlimited learning!