The Internal Revenue Service announced relief for taxpayers affected by Hurricane Rita, including many of the deadline reprieves and fee waivers enacted in the immediate aftermath of Hurricane Katrina.

Major disaster declarations covering Texas and Louisiana became effective Sept. 23 under presidential order, and taxpayers in affected area may be eligible for relief. The IRS has postponed deadlines and will abate interest and any late-filing, late-payment or failure-to-deposit penalties that would otherwise apply for any tax return, tax payment or tax deposit. Deadlines for affected taxpayers to file returns, pay taxes and perform other time-sensitive acts have been postponed to Feb. 28, 2006, the same extension Congress granted to taxpayers affected by Katrina.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access