Posts Tagged ‘disaster relief’

Kentucky Disaster Relief

July 27, 2010

The IRS has announced an extension of certain deadlines for taxpayers residing or having a business in Pike County, Kentucky, scene of severe storms beginning July 17.

Extended Deadlines in West Virginia Disaster Area

June 29, 2010

Residents and businesses in counties of West Virginia declared a federal disaster area will have extra time to meet tax deadlines due to severe storms, flooding, mudslides and landslides, according to an announcement from the IRS.

Tax Q&A for Gulf Oil Spill

June 26, 2010

The IRS has created an online page answering tax questions relating to the gulf oil spill. Issues addressed include:

  • Payments received for lost business income, lost wages or lost profits
  • Payments received for property damage or destruction
  • Casualty loss deductions for property that has been damaged or destroyed
  • Payments received for personal physical injuries or physical sickness, or for emotional distress that is attributable to personal physical injuries or physical sickness
  • Payments for emotional distress that is not attributable to personal physical injuries or physical sickness

In addition, in this announcement the IRS said it is planning a special tax assistance day at various locations throughout the disaster region on July 17 and will offer other forms of relief to taxpayers facing special hardship.

More Disaster Relief

June 26, 2010

In this release the IRS announced it is extending until July 30 the deadline for updating 401k and similar plans for plan sponsors in various areas affected by recent weather-related disasters.

Tax News

May 26, 2010

Disaster relief. The IRS has announced relief from various deadlines for taxpayers affected by severe weather in Oklahoma beginning May 10.

Tax News

May 18, 2010

Disaster relief. IRS has announced extended deadlines for victims of recent storms in Mississippi.

Tax News

May 13, 2010

More disaster relief: The IRS is allowing additional time to meet certain tax obligations for people living in or having businesses in certain counties of Kentucky.

Tax News

May 6, 2010

More disaster relief: The IRS is allowing additional time to meet certain tax obligations for people living in or having businesses in certain counties of Alabama and Tennessee.

Tax News

May 3, 2010

Disaster relief: People who reside or have a business within certain counties of Mississippi recently affected by severe storms and flooding have added time to meet certain federal tax obligations, according to this news release from the IRS.

More Ways & Means turnover: Ginny Brown-Waite, R-Fla, citing health issues, becomes the fifth member of the House Ways & Means committee (3 Democrats, 2 Republicans) to announce a decision not to run for re-election. She served two years on the tax-writing committee.