Hurricane Katrina Forest Recovery

As we work together to tackle the historic challenge that Hurricane Katrina has presented to the forestry communities of Mississippi, Louisiana, and Alabama, we hope that this blog will be a valuable resource and tool.

Tuesday, February 21

IRS Postpones Filing, Payment Deadlines

The Internal Revenue Service is postponing taxpayer filing and payment deadlines for affected taxpayers hit hardest by Hurricane Katrina. The additional time will allow taxpayers to focus on rebuilding.

Individual and business taxpayers in the most severely damaged parishes and counties of Louisiana and Mississippi automatically have through August 28, 2006, to file returns and make certain tax payments that had a due date or extended due date on or after August 29, 2005, and on or before August 28, 2006. In addition, the failure to deposit penalty will be waived for taxpayers in these areas who are unable to make their deposits during this time period.
The postponement applies automatically to taxpayers in the Mississippi counties of Hancock, Harrison and Jackson.

To ensure taxpayers outside the above areas who suffered severe hurricane damage get necessary relief from filing and payment deadlines, these taxpayers must identify themselves as impacted. These taxpayers should identify themselves by writing "Hurricane Katrina" in red ink at the top of the return when filing, or by calling the IRS Disaster hotline toll-free at 1-866-562-5227.

Individual, corporation, partnership, estate, trust, S-corporation, generation-skipping, employment and certain excise tax returns qualify for the extension.


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