The IRS released Revenue Procedure 2018-58, which updates Revenue Procedure 2007-56, that provides for an updated list of time-sensitive acts that may be postponed for individuals affected by a federally declared disaster, a terroristic or military action, or those serving in a combat zone.
For those individuals serving in the Armed Forces, in a combat zone, or in a contingency operation, the acts specified in Section 7508 of the Internal Revenue Code are automatically postponed (e.g., filing an income tax return). This revenue procedure includes a list of other acts that are automatically postponed for these individuals pursuant to this section. For those individuals affected by a federally declared disaster or a terroristic or military action, Section 7508A of the Internal Revenue Code and Treasury Regulation 7508A-1(c)(1)(vii) allow for a postponement of certain acts (e.g., certain contributions and distribution from qualified retirement plans); however, the IRS generally has to issue a notice or some guidance providing relief pursuant to this section.