Cheyenne
Ms. Smarty Pantsless
- Joined
- Apr 18, 2000
- Posts
- 59,553
"The Treasury Department and the Internal Revenue Service recognize that the disruption to the nation's financial markets, transportation system, and telecommunication and computer networks, and continuing security concerns have made it difficult for many taxpayers to meet their September 17, 2001,
filing and payment requirements, and for their representatives to assist them in doing so. Therefore, they have provided additional tax relief under sections 6081, 6161, and 7508A for taxpayers who are continuing to experience difficulties in meeting their filing and tax payment requirements on account of events related to the September 11, 2001, terrorist attacks. The Treasury and IRS have announced the extent of the administrative relief
that would be provided to those affected by Tuesday's terrorist attacks.
Also, the House unanimously passed a tax relief bill for the victims of the attacks. Among its provisions, the bill extends to the victims the treatment that currently applies to military personnel who die as a result of injuries sustained in a combat zone, affecting both estate and income taxes. The bill also clarifies that certain benefit payments that might be made to victims'
families would be exempt from federal income tax."
filing and payment requirements, and for their representatives to assist them in doing so. Therefore, they have provided additional tax relief under sections 6081, 6161, and 7508A for taxpayers who are continuing to experience difficulties in meeting their filing and tax payment requirements on account of events related to the September 11, 2001, terrorist attacks. The Treasury and IRS have announced the extent of the administrative relief
that would be provided to those affected by Tuesday's terrorist attacks.
Also, the House unanimously passed a tax relief bill for the victims of the attacks. Among its provisions, the bill extends to the victims the treatment that currently applies to military personnel who die as a result of injuries sustained in a combat zone, affecting both estate and income taxes. The bill also clarifies that certain benefit payments that might be made to victims'
families would be exempt from federal income tax."
