Publication Makes Sense of Hurricane Tax Changes

Publication 4492 was issued yesterday by the Internal Revenue Service. This new publication explains the changes to tax laws concerning taxpayers affected by the three major hurricanes of 2005 (Katrina, Rita and Wilma).

Tax breaks, a list of disaster areas for each hurricane, administrative relief, how to claim losses, and new charity laws are just some of the items that are discussed in the publication.

Publication 4492: Information for Taxpayers Affected by Hurricanes Katrina, Rita and Wilma is available at the IRS Website. In approximately two weeks the publication will be available in print as well.