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The Internal Revenue Service (IRS) has granted significant tax relief for victims of Hurricane Helene, specifically targeting residents and businesses located in FEMA-declared disaster areas within Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia.
If your business is located in a disaster area and is in one of the typically qualifying industries below – you may qualify for significant financial relief.
THESE BENEFITS EXPIRE MAY 1, 2025!!!
The work opportunity tax credit is a valuable tax savings that is available to qualifying companies. Due to Hurricane Helene, there is an opportunity to greatly accelerate benefits. For more information about this benefit, and others that may be available, contact a member of the Global Tax Incentives team at Alvarez & Marsal TAX. We can provide you with a free assessment of your potential to claim valuable tax incentives.
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*Your company must have more than 50 employees and a federal tax liability to qualify. If your company meets these requirements, please contact us.
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