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The Internal Revenue Service has announced special tax relief for Indiana taxpayers in the Presidential Disaster Area that was struck by tornadoes and severe storms on November 6, 2005. The disaster area consists of two counties: Vanderburgh and Warrick. Affected taxpayers will need to identify themselves to the IRS as victims by writing "Tornadoes - IN" in red ink at the top of their tax forms or any other documents filed with the IRS.
Deadlines for affected taxpayers to file returns, pay taxes and perform other time-sensitive acts falling on or after November 6, 2005, and on or before January 9, 2006, have been postponed to January 9, 2006. In addition, the IRS will waive the failure to deposit penalty for employment and excise deposits due on or after November 6, 2005, and on or before November 21, 2005, as long as the deposits are made by November 21, 2005.
Eligible taxpayers include individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Taxpayers not in the covered disaster area, but whose books, records, or tax professionals' offices are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area are eligible for relief.
...back to 17 November 2005
Further information:
IRS Grants Tax Relief for Indiana Tornado, Storm Victims
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For Payroll and Human Resource Professionals
