Tax Relief for Section 1031 Exchanges in the Aftermath of Hurricane Helene

Following the impacts of Hurricane Helene on the Southeastern United States, the Internal Revenue Service (IRS) has provided targeted tax relief for certain affected individuals and businesses in the region. The relief automatically extends various tax deadlines to May 1, 2025, for taxpayers who live or operate a business in impacted areas. 

• Learn more from Elliott Davis HERE
• Read the IRS announcement HERE.