Colorado Disaster Brings IRS Mercy

Instant Tax Solutions comments on individuals and businesses who are affected by Colorado's recent storm streak and the potential for tax relief.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friendRepost This

Washington, DC (PRWEB) October 18, 2013

IRS officials announced Monday that they will be providing special tax relief to victims of storms and mudslides across Colorado. Tax experts with Instant Tax Solutions say that the move will make it easier for citizens and businesses to focus on rebuilding.

A week of intense storms slammed northern and central Colorado, delivering over 15 inches of rain in Boulder, according to Forbes (09.16.2013). That rain not only directly caused property damage, it also caused dams to break, flash floods to strike and mudslides to topple down houses.

Instant Tax Solutions is a tax relief firm that helps citizens with more taxes than they can pay. The firm says that this kind of disaster relief move is typical of the IRS, but that citizens should be careful to understand the specifics of the relief being offered.

The IRS announcement stated that tax deadlines will be pushed out to December 2 for individuals and corporations in four counties: Adams, Boulder, Larimer and Weld. Taxpayers who have already received an extension can still take advantage of the offer.

That means that the same total amount of tax is owed once the new deadline comes around, Instant Tax Solutions says.

An estimated 1,500 homes have been destroyed by Colorado's recent storms. While that will dramatically change what taxpayers have to file for 2013, the IRS relief package is aimed only at providing citizens with more time to recover before having to file taxes.

Instant Tax Solutions urges affected citizens to speak with a tax relief specialist to understand how the new rules affect them.

About Instant Tax Solutions:

Instant Tax Solutions is your partner in immediate tax relief. With a skilled team of legal counsel, CPA's and former IRS revenue officers standing by to help relieve or resolve your tax problems, Instant Tax Solutions offers low stress, results driven assistance with a high rate of success. ITR offers a free initial consultation and a simple flat rate for all clients. They can be contacted at http://instanttaxsolutions.com.


Contact