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Texas Taxpayers Hurricane Ike And IRS Tax Relief

Posted by Bill on September 25, 2008

IRS allows Hurricane Ike Texas residents a break on tax return filing, tax payments and other time sensitive acts due on or before September 7, 2008 and before January 5, 2009. 


Specifically, the relief postpones until January 5, 2009, certain deadlines for taxpayers who reside or have a business in the disaster area. The postponement applies to return filing, tax payment and certain other time-sensitive acts due on or after September 7, 2008, and before January 5, 2009 –– including individual estimated tax returns and corporate tax returns that were due September 15, and extended individual returns due Oct. 15.


In addition, the IRS will waive the failure to deposit penalties for employment and excise deposits due on or after September 7 and before September 22, 2008, as long as the deposits are made on or before September 22.


Following the hurricane’s landfall on Saturday, September 13, the federal government declared the following Texas counties a presidential disaster area qualifying for individual assistance: Angelina, Austin, Brazoria, Chambers, Cherokee, Fort Bend, Galveston, Grimes, Hardin, Harris, Houston, Jasper, Jefferson, Liberty, Madison, Matagorda, Montgomery, Nacogdoches, Newton, Orange, Polk, Sabine, San Augustine, San Jacinto, Trinity, Tyler, Walker, Waller and Washington.


“We are giving taxpayers in these hard-hit areas until early next year to file their returns and make payments,” IRS Commissioner Doug Shulman said. “All Americans have concerns for those affected by this devastating hurricane, and our hope is that this extra time will allow people to stay focused on the rebuilding and clean-up effort.”


Read whole IRS article for further information about covered area, covered taxpayers, types of relief and about casualty losses.


Read Here


Bill Lowrance

President PIAVA






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