Thursday, August 7, 2008

Texas Hurricane Victims Qualify for Relief


Following Hurricane Dolly on July 22, the federal government declared Cameron, Hildalgo, and Willacy counties Presidential disaster areas qualifying for individualassistance.

As a result, the IRS is postponing certain deadlines until September 22 for taxpayers who reside or have a business in the disaster area. The postponement applies to return filing, tax payment, and other certain time-sensitive acts otherwise due between July 22, 2008 and September 22, 2008.

In addition, the IRS will waive the failure to deposit penalties for employment and excise deposits due on or after July 22 and on or before August 6, as long as the deposits were made by August 6. Additional details are available on the IRS website at
http://www.irs.gov/newsroom/article/0,,id=185442,00.html

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