ThinkTech Hawaii: Tax Relief for Wildfires (Talking Tax)

Extensions and How They Work. The hosts for this show are Mark Coleman and Tom Yamachika. The guest is Joe Kent.

On August 18, 2023, the Internal Revenue Service announced ‘expansive tax relief’ for Hawai’i wildfire victims in Maui and Hawaii counties. We go over what that means, and also touch upon the relief that the State is giving and why it is so different.

We also discuss tax treatment of some of the kinds of government payments that may be made to victims or relief organizations or other helpers.