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Hurricane Katrina: The Response by the Internal Revenue Service (CRS Report for Congress)

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Release Date Sept. 14, 2005
Report Number RS22261
Report Type Report
Authors Erika Lunder, American Law Division
Source Agency Congressional Research Service
Summary:

After Hurricane Katrina, the Internal Revenue Service (IRS) announced several tax relief measures to aid affected individuals and businesses. They cover a range of subjects, from postponing deadlines for paying taxes and filing returns for individuals, employee benefit plans and tax-exempt bond issuers, to waiving penalties for certain fuel excise taxes. This report summarizes these measures and discusses the statutory authority for the IRS's actions.