You could qualify for special tax relief if your company is located in any of the following areas: Indiana

After storms and flooding on Sept. 12, the feds declared a disaster area in the following counties:

• Clark
• Crawford
• Dearborn
• Floyd
• Franklin
• Gibson
• Harrison
• Jackson
• Jasper
• Jefferson
• Jennings
• Knox
• Lake
• LaPorte
• Lawrence
• Martin
• Ohio
• Orange
• Perry
• Pike
• Porter
• Posey
• Ripley
• Scott
• Spencer
• St. Joseph
• Switzerland
• Vanderburgh
• Warrick, and
• Washington.

For taxpayers in those counties, IRS is postponing the deadlines for return filing, tax payment and certain other time-sensitive acts until Nov. 12. The extension applies to returns and other forms that would normally be due between Sept. 12 and Nov. 12, 2008.  IRS will also waive failure to deposit penalties for employment and excise deposits due Sept. 12 through Sept. 29, as long as the deposits were made by Sept. 29.

Puerto Rico

Following severe storms and flooding on Oct. 1, the feds declared a disaster area in the municipalities of:

• Arroyo
• Cabo Rojo
• Guanica
• Guayama
• Guayanilla
• Gurabo
• Humacao
• Juncos
• Lajas
• Las Piedras
• Maunabo
• Naguabo
• Patillas
• Peñuelas
• Ponce
• Salinas
• San Lorenzo
• Santa Isabel
• Villalba
• Yabucoa, and
• Yauco.

As a result, IRS is postponing certain deadlines for taxpayers in the disaster area. The postponement applies to return filing, tax payment and certain other time-sensitive acts otherwise due between Sept. 21, 2008 and Nov. 20, 2008. IRS will also waive failure to deposit penalties for employment and excise deposits due between Sept. 21 and Oct. 6, as long as the deposits were made by Oct. 6.

If you’re affected

If you’re an affected taxpayer and you get a penalty notice from IRS, you can call the telephone number on the notice to get the interest and any late filing or late payment penalties abated. IRS automatically identifies taxpayers in the covered disaster area and applies proper filing and payment relief.

Tags: Disaster reliefs, Employment tax, IRS, Penalties, Resource, Return filing, Tax compliance