IRS Steps up Quickly to Help Hurricane Sandy Victims

Last week, before Commissioner Doug Shulman left, he made sure that the IRS was in  position to cut red-tape and make life easier for Hurricane Sandy victims.

Tax Relief for Victims of Hurricane Sandy in Connecticut, New Jersey and New York
Victims of Hurricane Sandy that began on Oct. 27 in parts of Connecticut, New Jersey and New York may qualify for tax relief from the Internal Revenue Service.

Treasury and IRS Announce Special Relief to Encourage Leave Donation Programs for Victims of Hurricane Sandy 

As part of the administration’s efforts to bring all available resources to bear to support state and local partners impacted by Hurricane Sandy, the Treasury Department and the Internal Revenue Service announced special relief intended to support leave-based donation programs to aid victims who have suffered from the extraordinary destruction caused by Hurricane Sandy.

IRS Expedites Charity Applications and Urges Use of Existing Charities

As part of the administration’s efforts to bring all available resources to bear to support state and local partners impacted by Hurricane Sandy, the Treasury Department and the Internal Revenue Service announced an expedited review and approval process will be offered for organizations seeking tax-exempt status in order to provide relief for victims of Hurricane Sandy. The IRS also continues to encourage people to use existing organizations currently working on immediate aid efforts.

Treasury and IRS Expand Availability of Housing for Hurricane Sandy Victims

As part of the administration’s continued support for states and local partners impacted by Hurricane Sandy, the Treasury Department and the Internal Revenue Service announced that they will waive low-income housing tax credit rules that prohibit owners of low-income housing from providing housing to victims of Hurricane Sandy who do not qualify as low-income. The action will expand the availability of housing for disaster victims and their families.

IRS Waives Diesel Fuel Penalty Due to Hurricane Sandy  

The Internal Revenue Service, in response to shortages of clear diesel fuel caused by Hurricane Sandy, will not impose a tax penalty when dyed diesel fuel is sold for use or used on the highway.

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