IRS Disaster Tax Center
Overview
Are you an individual or a business in need of money to deal with impact of the December 2007 storm and flooding disaster? Because several counties have been declared a Presidential Disaster Area, you are allowed to claim a disaster loss on your Federal Tax Return. You can amend your previous year's return (2006) to free up taxes you paid in the form of a refund, or you can claim it on your current year's return (2007) to reduce your taxes and increase your refund.
For Individuals For Businesses For Tax Professionals For Charitable Organizations Additional Resouces
Help During Disasters
We know that major disasters and emergencies in your area will affect many families and businesses. While we hope you are spared any loss, we realize this may not be true for everyone, and we want to let you know how the IRS can help.
Around the Nation
This section of our Web site provides IRS news specific to local areas, primarily disaster relief or tax provisions that affect certain states.
Tax Relief in Disaster Situations
Special tax law provisions may help taxpayers recover financially from the impact of a disaster, especially when the president declares their location to be a major disaster area.
Tax Topic 515 - Casualty, Disaster, and Theft Losses
Casualty losses can result from the destruction of or damage to your property from any sudden, unexpected, and unusual event such as a flood, hurricane, tornado, fire, earthquake or even volcanic eruption.
For Individuals
FAQ's for Disaster Victims
This section provides current information on disaster relief and frequently asked questions. The Hurricane Katrina FAQ's are now listed separately from the general FAQ's, which are applicable to any disaster.
Reconstructing Your Records
Reconstructing records after a disaster may be essential for tax purposes, getting federal assistance or insurance reimbursement. Records that you need to prove your loss may have been damaged or destroyed in a casualty. While it may not be easy, reconstructing your records may be essential.
Publication 2194, Disaster Losses Kit for Individuals
Publication 2194 is a Disaster Losses Kit to help individuals claim casualty losses on property that was destroyed by a natural disaster. The Kit contains tax forms needed to claim a casualty loss. It also answers common questions like how to extend the time you need to file, how you can receive free tax services and how to identify which disaster losses to claim (112 pages).
For Businesses
Tax Relief in Disasters - Information for Businesses
Special tax law provisions may help businesses recover financially from the impact of a disaster, especially when the president declares their location to be a major disaster area.
Publication 2194B Disaster Losses Kit for Businesses
Publication 2194B is a Disaster Losses Kit to help business claim casualty losses on property that has been destroyed by a natural disaster. The kit contains tax forms needed to claim a casualty loss. (82 pages)
Crop Insurance and Crop Disaster Payments - Agriculture Tax Tips
This section offers helpful tax tips including whether crop insurance and crop disaster payments are taxable.
For Tax Professionals
Disaster Relief Resource Center for Tax Professionals
Through this resource center we address many of the questions received from tax professionals. We've included information published by the IRS, along with links to IRS partners who may offer additional assistance. Many of our partners have developed Web pages that highlight the efforts they've made to help their fellow practitioners to recover and get re-established.
Disaster Assistance Self-Study
The Disaster Assistance Self-Study provides the basic information needed to assist taxpayers in a disaster. It provides the volunteer practitioner disaster representative member with information on distributing Disaster Kits, computing gains/losses as the result of a disaster, information about administrative tax relief and information about the psychological effects of a disaster on its victims.
For Charitable Organizations
Disaster Relief - Resources for Charities and Contributors
After a disaster or in another emergency hardship situation, people may be interested in using a charitable organization to help victims. The IRS provides a number of resources to help them accomplish this goal.
Publication 3833, Disaster Relief, Providing Assistance Through Charitable Organizations
This publication describes how members of the public can use charitable organizations to provide assistance to victims of disasters or other emergency hardship situations.
IRS Forms and Publications
Publication 1600, Disaster Losses — Help from the IRS
This brochure highlights federal tax treatment of disaster area losses for individuals and business owners.
Publication 547 – Casualties, Disasters and Thefts
Publication 547 explains how to treat casualties, thefts, and losses on deposits. It discusses definitions, how to figure gain or loss, how to treat reimbursements, and how to report them.
Talk With the IRS
Contact My Local Office
IRS Taxpayer Assistance Centers are your one-stop resource for face-to-face tax help and solutions to tax problems, every business day.
Taxpayer Advocate Service
The Taxpayer Advocate is an independent organization within the IRS. They help taxpayers resolve problems with the IRS and recommend changes that will prevent the problems.
Documents:
IRS Disaster Tax Center (Word)
Download Microsoft Word Reader 
 |
|