Victims from last week’s severe weather that rolled through parts of Kentucky may qualify for tax relief from the Internal Revenue Service.
President Barack Obama recently declared Johnson, Kenton, Laurel, Lawrence, Menifee, Morgan and Pendleton Counties as federal disaster areas.
Residents who live or have a business in those counties may be eligible for tax relief.
According to the IRS, the declaration made by President Obama allows the IRS to delay certain deadlines falling on or after February 29th and on or before May 31st, to be postponed to May 31st.
The postponement also reportedly includes the April 17th filing deadline for individual income tax returns, income tax payments and 2011 contributions to an individual retirement account.
The IRS is also waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after February 28th and on or before March 15th as long as the deposits are completed by March 15th.
To make the recovery process easier for victims, the IRS is able to automatically identify residents who live in the covered disaster area and apply automatic filing and payment relief for those residents.
For those residents who live or have a business outside the covered disaster area, but were affected by the severe weather must call the IRS disaster hotline at 1-866-562-5227 to request the tax relief.