By: Sarah Lewis
In the wake of Tropical Storm Ernesto, small business owners in the U.S. Virgin Islands have received a significant reprieve from the Internal Revenue Service (IRS). Announced on August 28, 2024, the IRS offers delayed tax filing and payment deadlines, extending the relief until February 3, 2025. This initiative aims to alleviate the financial burden created by the storm, allowing affected businesses and individuals to focus on recovery rather than tax deadlines.