December 1, 2008--San Diego, California--The IRS announced various tax and disaster relief assistance and programs that are available to storm, tornado and other disaster victims. The following is a summary list of the recent IRS announcements with links to the various IRS news releases regarding each ruling, including the extension of the 45 calendar day identification period and the 180 calendar day 1031 exchange period.
Recent Tax and Disaster Relief
Relief for California wild fire victims in Southern California see News Releases
Relief for Mississippi storm and tornado victims see News Release
Relief for iowa storm and tornado victims see News Release
Relief for Georgia storm, flood victims see News Release
Relief for Missouri storm, tornado victims, see News Release
Relief for Colorado storm, tornado victims, see News Release
Relief for Oklahoma tornado, flood victims, see News Release
Relief for Maine storm, flood victims, see News Release
Relief for Mississippi storm, flood victims, see News Release
Relief for Arkansas storm, flooding victims, see News Release
Relief for Missouri storm victims, see News Release
Relief for Georgia storm, tornado victims, see News Release
Don't See What You're Looking For? Around the Nation contains links to previously issued disaster relief. You can also contact Exeter 1031 Exchange Services, LLC for assistance in understanding what the rulings provide regarding your 1031 exchange transaction.
The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers who need them to apply for benefits or to file amended returns claiming casualty losses. Such taxpayers should put the assigned Disaster Designation in red ink at the top of Form 4506, “Request for Copy of Tax Return,” or Form 4506-T, “Request for Transcript of Tax Return,” as appropriate, and submit it to the IRS.
Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.
Taxpayers may download forms and publications from this Web site or may order them by calling 1-800-TAX-FORM (1-800-829-3676). The IRS toll-free number for general tax questions is 1-800-829-1040.
For further information, see Tax Relief in Disaster Situations.
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