Daily Tax Update - October 31, 2017: IRS Announces Additional Relief to IRAs and for Victims of Hurricane Maria and California Wildfires

IRS Announces Additional Relief to IRAs and for Victims of Hurricane Maria and California Wildfires:  Today, the IRS announced relief in the form of easier access to funds held in workplace retirement plans and IRAs for victims of Hurricane Maria and the recent California wildfires. The relief period runs from September 16, 2017 (for Hurricane Maria victims) or October 8, 2017 (for California wildfire victims) through March 15, 2018. The relief is in addition to that announced by the IRS in News Releases CA-2017-06, VI-2017-02 and PR-2017-02.