Government Agencies Issue Advisories in Wake of Hurricane Threats
From the ACL: Have You Created Your Emergency Preparedness Plan?
The Administration on Community Living reminds us that September is National Preparedness Month and this year’s theme is “Disasters Don’t Plan Ahead. You Can.” In the wake of Hurricane Harvey and the devastation that emergencies like this can cause, it is a timely moment to remind everyone to make their emergency preparedness plans and to also share helpful resources. As yet another hurricane brews in the Atlantic, ACL reminds everyone to plan, prepare, and recover from natural disasters. Advance preparation is especially important for older adults and people with disabilities because there may have additional needs to consider, including medical issues, accessibility, transportation, and more. The federal government has guidance and resources on emergency preparedness planning at Ready.gov, including information specifically for older adults and people with disabilities. Learn more at ACL.
From CMS: Hurricane Harvey and Medicare Disaster Related Texas and Louisiana Claims
The Centers for Medicare & Medicaid Services (CMS) has issued several blanket waivers in the impacted counties and geographical areas of Texas and Louisiana. These waivers will prevent gaps in access to care for beneficiaries impacted by the emergency. Read more about blanket waivers in Texas and Louisiana.
From the Social Security Administration: Important Information for People Affected by Hurricane Harvey
Many Social Security and Supplemental Security Income (SSI) benefit payments were scheduled for Friday, September 1. This Social Security Administration Update covers the various delivery methods for these payments in the wake of Hurricane Harvey.
From the IRS: As Hurricane Irma Threatens, IRS Urges Taxpayers to Prepare for Hurricanes, Floods and Other Disasters
For September’s National Preparedness Month, the Internal Revenue Service is offering advice to taxpayers who may be affected by storms, fires, floods or other disasters. After the devastation of Hurricane Harvey and with Hurricane Irma threatening parts of the U.S. and Caribbean, the IRS reminds taxpayers that the agency is here to help, including offering a special toll-free number to taxpayers in federally-declared disaster areas that’s staffed with IRS specialists trained to handle disaster-related issues.
Managed and sponsored by the Federal Emergency Management Agency (FEMA) and the Ready Campaign, National Preparedness Month encourages individuals, businesses and organizations to prepare for a variety of disaster and emergency situations.
Create Electronic Copies of Key Documents
Taxpayers can help themselves by keeping a duplicate set of key documents, including bank statements, tax returns, identifications and insurance policies in a safe place. Store them in a waterproof container and away from the original set.
Doing so is easier now that many financial institutions provide statements and documents electronically, and much financial information is available on the Internet. Even if the original documents are only provided on paper, these can be scanned into an electronic format. This way, taxpayers can download them to a storage device such as an external hard drive or USB flash drive, or burn them to a CD or DVD.
It’s a good idea to photograph or videotape the contents of any home, especially items of higher value. Documenting these items ahead of time will make it easier to quickly claim any available insurance and tax benefits after the disaster strikes. The IRS has a disaster loss workbook, Publication 584, which can help taxpayers compile a room-by-room list of belongings.
Photographs can help an individual prove the fair market value of items for insurance and casualty loss claims. Ideally, photos should be stored with a friend or family member who lives outside the area.
Check on Fiduciary Bonds
Employers who use payroll service providers should ask the provider if it has a fiduciary bond in place. The bond could protect the employer in the event of default by the payroll service provider.
Don’t Forget to Update Emergency Plans
Because a disaster can strike any time, be sure to review emergency plans annually. Personal and business situations change over time as do preparedness needs. When employers hire new employees or when a company or organization changes functions, plans should be updated accordingly and employees should be informed of the changes. Make plans ahead of time and be sure to practice them.
IRS Ready to Help
In the case of a federally-declared disaster, an affected taxpayer can call 866-562-5227 to speak with an IRS specialist trained to handle disaster-related issues.
Back copies of previously-filed tax returns and all attachments, including Forms W-2, can be requested by filing Form 4506, Request for Copy of Tax Return. Alternatively, transcripts showing most line items on these returns can be ordered through the Get Transcript link on IRS.gov, by calling 800-908-9946 or by using Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript, or Form 4506-T, Request for Transcript of Tax Return.
For more information about National Preparedness Month, visit Ready.gov/September.