By OJAG Code 16
The IRS is in the process of providing tax relief to individual and business taxpayers
impacted by Hurricane/Tropical Storm Irene.
The IRS announced that individuals in Connecticut, Massachusetts, New Hampshire,
New Jersey, New York, North Carolina, Pennsylvania, Vermont, and Puerto Rico are
eligible for limited tax relief, including postponement of filing and payment deadlines.
After the Federal Emergency Management Agency (FEMA) conducts additional damage
assessments, other states may be added to the list.
The tax relief postpones certain tax filing and payment deadlines to October 31, 2011. It
includes corporations and businesses that previously obtained an extension until
September 15, 2011, to file their 2010 returns and individuals and businesses that
received a similar extension until October 17. It also includes the estimated tax payment
for the third quarter of 2011, which would normally be due September 15.
Full details, including the start date for the relief in various locations and information on
how to claim a disaster loss by amending a prior-year tax return, can be found in tax relief
announcements for individual states on the IRS website:
The website will be updated regularly with the latest guidance. Additionally, the IRS has determined the following deductions in New Jersey and Vermont:
New Jersey: President Obama has determined that taxpayers in the following counties who sustained uninsured losses attributable to Hurricane Irene beginning may deduct the losses on their 2010 federal income tax returns: Atlantic, Bergen, Cape May, Cumberland, Essex, Morris, Passaic, Salem and Somerset.
Vermont: President Obama has indicated that taxpayers in the following counties who
sustained uninsured losses attributable to Tropical Storm Irene may deduct the losses on
their 2010 returns: Addison, Bennington, Caledonia, Chittenden, Essex, Franklin,
Lamoille, Orange, Orleans, Rutland, Washington, Windham, and Windsor.
This tax relief applies only to federal income tax; check with individual states for
information on state income tax relief.