In the IRS’s e-News for Small Businesses issued on May 13, 2010, they provided links to information about tax relief in disaster situations specific for Kentucky, Tennessee, Alabama, Mississippi, North Dakota, New Jersey, Massachusetts, Rhode Island and West Virginia. With the severe storms and flooding in those areas this spring, some victims may qualify for tax relief that includes postponed filing dates and penalty waivers.

The IRS also provided links to audio presentations that offer tips to stay in business after a major disaster:

• Continuity Planning and Other Tips to Stay in Business after a Major Disaster 
• Insurance Coverage and Other Emergency Planning Tips to Help Your Business Survive a Major Disaster
• Recordkeeping and Reconstructing Business Records to Help Your Business Survive a Major Disaster 

If you have been affected by the recent spring storms and floods and have questions, please let us know.