| Tax Topic #107 |
2008 Tax Year |
Topic 107 - Tax Relief Disaster Situations
For taxpayers impacted by a disaster, the tax code may provide necessary
relief. The law permits the IRS to grant taxpayers affected by a Presidentially
declared disaster additional time to perform certain time sensitive acts,
including filing returns and paying taxes when the original or extended due
date of the return falls within the disaster period. In addition, affected
individual and business taxpayers in a Presidentially declared disaster area
can more quickly obtain a refund by claiming losses related to the disaster
on the tax return for the previous year, usually by filing an amended return.
For more information on how to calculate and claim a disaster loss please
refer to Publication 547, Casualties, Disasters and Thefts,
and Publication 4492, Information
for Taxpayers Affected by Hurricanes Katrina, Rita and Wilma. You may
also refer to Disaster
Assistance and Emergency Relief for Individuals and Businesses on the
irs.gov web site.
Page Last Reviewed or Updated: December 22, 2008
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