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Are there ever exceptions to the 45 day designation period and 180 day safe harbour period?

April 26, 2017exceptions harbour period safe

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Are there ever exceptions to the 45 day designation period and 180 day safe harbour period?

1 Answer

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Unfortunately the IRS holds strict guidelines. On rare occasion due to state of emergencies (9-11-01) or natural disasters such as hurricanes the IRS has made exceptions to their rulings. These exceptions can be found on their website www.irs.gov as needed.