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Thursday, September 08, 2005

IRS Katrina relief announced today

Nothing housing-specific in today's IRS/Treasury press conference. It's just that Katrina victims need not file their taxes until January 3, 2006, and employees who donate leave time to assist their employers in making cash gifts will not be treated as constructively receiving the donated money. The IRS "Newsroom" and the Treasury press release list have these announcements plus all the earlier ones.

They still haven't formalized the Sec. 42 waiver announced in last week's Treasury press release.
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