Where can I find general information about tax-related assistance for hurricane victims?
The IRS has issued a new publication to assist individual and business victims of Hurricanes Katrina, Rita and Wilma. It explains the tax law changes and relief provisions available to those affected by the hurricanes. The publication lists the disaster areas for each hurricane and explains which areas are eligible for administrative relief from the IRS and which areas receive special tax breaks under recently enacted provisions of the tax law. It provides information for individuals on claiming unreimbursed losses, the tax favored use of retirement savings, and new rules regarding charitable giving. The publication also highlights the changes businesses need to know about, such as a special depreciation allowance for qualified Gulf Opportunity Zone property, an increase in the amount affected businesses can expense instead of depreciating and new net operating loss (NOL) rules for losses in the GO Zone. For more information, go to Publication 4492, Information for Taxpayers Affected b
