IRS Issues New Publication With Info for Terrorist Victims

The IRS has released Publication 3920, "Tax Relief for Victims of Terrorist Attacks," which provides details of guidelines and tax issues specifically related to victims and others affected by acts that are declared to be terrorist attacks.

The publication explains the provisions of the Victims of Terrorist Relief Act of 2001 and specifically covers relief for victims of the Oklahoma City attack of 4/19/95, the 9/11/01 attacks on the Pentagon and the World Trade Center, and various anthrax attacks that have occurred between 9/10/01 and 12/31/01.

The new publication also recommends that affected taxpayers examine Publication 547, Casualties, Disasters, and Thefts, and Publication 559, Survivors, Executors, and Administrators.

Publication 3920 includes rules, procedures and worksheets for tax forgiveness, information about payments to survivors, a summary of postponed tax deadlines and a list of affected taxpayers, and changes to estate tax laws for victims. Much of the publication is given over to sample worksheets describing how to calculate the changes that were enacted with this relief act.

"Our new publication gives affected taxpayers the details they need to claim the tax relief the law provides," said IRS Commissioner Charles O. Rossotti. "If they have further questions, we'll be here to help them."

The publication is available online now at the IRS Web site, and you can request a copy by mail by calling 1-800-TAX-FORM. Printed copies will be available in a few weeks.