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KATRINA RELIEF

August 31, 2005

If you are sitting on your roof waiting for a boat, even the IRS can see you probably can't file your September 15 returns on time. The IRS has automatically extended all September 15 and October 15, 2005 return due dates to October 31 for areas affected by the storm.

In addition, the IRS has waived penalties for employment and excise tax deposits due from August 28 - September 23, if the payments are made by October 31

To claim the relief, taxpayers should mark late-filed returns in red on top with the words "Hurricane Katrina."

The disaster relief currently covers the following:

• 31 Louisiana parishes: Acadia, Ascension, Assumption, Calcasieu, Cameron, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Orleans, Pointe Coupee, Plaquemines, St. Bernard, St. Charles, St. Helena, St. James, St. John, St. Mary, St. Martin, St. Tammany, Tangipahoa, Terrebonne, Vermilion, Washington, West Baton Rouge and West Feliciana;

• 15 Mississippi counties: Amite, Forrest, George, Greene, Hancock, Harrison, Jackson, Lamar, Marion, Pearl River, Perry, Pike, Stone, Walthall, and Wilkinson; and

• Three Alabama counties: Baldwin, Mobile and Washington.

The relief is likely to be extended to additional areas. Considering the nature of the devastation, additional extensions of time may be granted for parts of the affected area.

Links: IR 2005-84, a summary of tax relief for affected taxpayers.

Details of relief offered.

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