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Publication #FAR9043

Tax Relief in Disaster Situations1

Donna Davis2

Figure 1. 
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As a Florida resident, my family had firsthand experience with hurricane recovery. But while joining the world in watching the plight of the people of Mississippi, Louisiana, and Alabama after Hurricane Katrina, I realized how fortunate we had been. When disaster strikes, regardless of the magnitude, trying to pick up the pieces and getting your family's life back in order can be overwhelming.

The IRS offers disaster victims a Disaster Losses Kit to help claim unreimbursed losses on property destroyed by a natural disaster. Forms provided in the kit can help you sort through what was lost or destroyed and help prepare you for insurance claims as well as federal funding that is made available to victims of federally declared disaster areas. The IRS understands that tax records may have been lost or destroyed and can provide copies or transcripts of previously filed tax returns free of charge. The required form, in addition to many other helpful guides and forms, is included in the Disaster Kit.

Special tax law provisions were also granted for additional relief to disaster victims, including additional time to file returns and pay taxes. Both individuals and businesses in a declared disaster area can also get a faster refund by claiming losses related to the disaster on the tax return for the previous year, usually by filing an amended return. For more information, go to http://www.irs.gov.

Listening, learning, and living together: it's the science of life. "Family Album" is a co-production of University of Florida IFAS Extension, the Department of Family, Youth and Community Sciences, and of WUFT-FM. If you'd like to learn more, please visit our website at http://www.familyalbumradio.org.

To listen to the radio broadcast:

http://www.radiosource.net/radio_stories/271.mp3

http://www.radiosource.net/radio_stories/271.wav

Reference

Internal Revenue Service. (2007). Tax relief in disaster situations. Retrieved July 28, 2007, from http://www.irs.gov/newsroom/article/0,,id=108362,00.html

Footnotes

1.

This document is FAR9043, one of a series of the Family Youth and Community Sciences Department, UF/IFAS Extension. Broadcast as program 271 and published March 2009. Reviewed January 2015. In the interest of time and/or clarity, the broadcast version of this script may have been modified. Visit the EDIS website at http://edis.ifas.ufl.edu.

2.

Donna Davis, senior producer, Family Album Radio, Department of Family, Youth and Community Sciences, UF/IFAS Extension, Gainesville, FL 32611.


The Institute of Food and Agricultural Sciences (IFAS) is an Equal Opportunity Institution authorized to provide research, educational information and other services only to individuals and institutions that function with non-discrimination with respect to race, creed, color, religion, age, disability, sex, sexual orientation, marital status, national origin, political opinions or affiliations. For more information on obtaining other UF/IFAS Extension publications, contact your county's UF/IFAS Extension office.

U.S. Department of Agriculture, UF/IFAS Extension Service, University of Florida, IFAS, Florida A & M University Cooperative Extension Program, and Boards of County Commissioners Cooperating. Nick T. Place, dean for UF/IFAS Extension.