The Internal Revenue Service issued a news release yesterday regarding its intention to provide tax relief to individual and business taxpayers impacted by Hurricane Irene. Certain taxpayers in New Jersey, New York, North Carolina, and Puerto Rico will receive tax relief, and other locations are expected to be added in coming days following additional damage assessments by the Federal Emergency Management Agency (FEMA). So far, IRS relief applies to the following counties and municipalities in New Jersey and New York:
- New York: Albany, Delaware, Dutchess, Essex, Greene, Schenectady, Schoharie, and Ulster
- New Jersey: Bergen, Essex, Morris, Passaic, and Somerset
Kreischer Miller will keep you informed as we learn more. However, please do not hesitate to contact us if you have any questions or would like to discuss how this news may impact your tax situation.
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