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Hurricane Ike

On Monday, I was scrambling to get my own corporate tax returns prepared and filed by the end of the business day. I can’t imagine trying to manage them without any power… Yet, that’s exactly what the victims of Hurricane Ike were facing.

Fortunately, the IRS has announced that taxpayers and tax preparers affected by Hurricane Ike will have an extra seven days to file corporate tax returns and third-quarter estimated taxes. Taxpayers directly impacted by the storm will have until midnight on September 22 to file and pay without penalty. Further extensions and additional relief may be granted following an assessment by FEMA.

To indicate to the IRS that you are an affected taxpayer, write “Hurricane Ike” on the top of your return – or use the “disaster” feature on your tax software.

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Texas Governor Rick Perry offered Texans affected by Hurricane Ike a new kind of tax break: no hotel taxes.

Governor Perry has suspended hotel taxes for 14 days in response to the mandatory evacuations from Hurricane Ike. The emergency proclamation waived all state, city and county hotel occupancy taxes through September 21st. The waiver is retroactive to September 8th; victims of the hurricane and relief workers can apply for a refund for taxes previously paid.

My thoughts are prayers are with those affected.

(Sorry, and tacky or not, I can’t write a post about Texas without adding at the end… Go Eagles!)

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