Updated July 17, 2008
WASHINGTON — The IRS is closely monitoring the disaster situation unfolding across several states in the Midwest. The IRS has granted disaster relief for individuals in certain counties in Illinois, Indiana, Iowa, Nebraska, West Virginia and Wisconsin. As additional declarations for individual assistance are issued, the IRS will implement tax relief for affected taxpayers. Monday June 16 was the deadline for individual quarterly estimated tax payments, and the IRS has extended that deadline for affected taxpayers.
"Our hearts go out to the flood victims in Iowa and other stricken states," IRS Commissioner Doug Shulman said. "At a time like this, taxes should be the last thing on the minds of these unfortunate victims."