ABSTRACT

Tax Relief in Disaster Situations [website]   [open html - 16KB]

"Special tax law provisions may help taxpayers recover financially from the impact of a disaster, especially when the president declares their location to be a major disaster area. Depending on the circumstances, the IRS may grant additional time to file returns and pay taxes. Both individuals and businesses in a presidentially declared disaster area can get a faster refund by claiming losses related to the disaster on the tax return for the previous year, usually by filing an amended return."

Publisher:
Copyright:
Public Domain
Retrieved From:
Internal Revenue Service: http://www.irs.gov
Format:
html
Media Type:
text/html
URL:
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