By: Hollie Hojek firstname.lastname@example.org Sure there's plenty of guns at the gun show in Sioux City this year, but what about one of a high voltage stun gun, perfect for the woman in your life. "Damsels inMore>>
Damsels in Defense sells Speciality, Non-Lethal Weapons for Women.More>>
By: Hollie Hojek email@example.com The annual gun show is back at the Sioux City Convention Center, and it's the biggest year yet. Two-hundred and fifty tables were sold at this year's gun show. BuyersMore>>
Annual Gun Show at Sioux City Convention Center, Sellers Say There's Still an Ammunition Shortage.More>>
By: Claire DeRoin CDeRoin@kcautv.com A Moville man has been sentenced to five years in prison for kicking a child in the mouth. On Thursday, twenty-eight year old Benjamin Fuqua pled guilty to oneMore>>
A Moville man was sentenced for kicking a child in the mouth.More>>
By: Diana Johnsen firstname.lastname@example.org The Powerball Jackpot is sweeping across Siouxland. The jackpot is at least $600 million dollars. It's the largest Powerball jackpot in history and the second-largestMore>>
It's "Powerball Fever" as Siouxlanders buy up their tickets for the at least $600 million Powerball Jackpot. More>>
By: Diana Johnsen email@example.com The "Legend" roller coaster is debuting this summer with a new set of tracks. The ride in Arnolds Park amusement park is now a bit newer and smoother than whatMore>>
The "Legend" roller coaster at Arnolds Park is debuting this summer with a new set of tracks.More>>
By: Sam Doerr firstname.lastname@example.org Just over two weeks after her trial ended Ashley Cameron and her family found out her fate and for them it was well worth the wait. Ashley Cameron from Onawa, IowaMore>>
Just over two weeks after her trial ended Ashley Cameron and her family found out her fate and for them it was well worth the wait.More>>
By: Scott Larson email@example.com Of course a trip to the Tulip Festival isn't complete without a stroll down the Straatmarkt where you can pick up plenty of awesome food and gifts. Elephant ears,More>>
Straatmarket brings out the old favorites and some new treats for folks looking to indulge in some good eats and great giftsMore>>
By: Sam Doerr firstname.lastname@example.org On Friday, May 17 at 11:19 a.m., a resident of Hull, IA reported an incident of fraud to the Sioux County Sheriff's Office. Upon further investigation of this incidentMore>>
On Friday, May 17 at 11:19 a.m., a resident of Hull, IA reported an incident of fraud to the Sioux County Sheriff's Office.More>>
Media Icon and USD Alum, Al Neuharth is Remembered in Memorial Service at USD in Vermillion.More>>
MILWAUKEE — Victims of the flooding that began on May 25, 2011 in parts of Iowa may qualify for tax relief from the Internal Revenue Service.
The President has declared the following counties a federal disaster area: Fremont, Harrison, Mills, Monona and Pottawattamie. Individuals who reside or have a business in these counties may qualify for tax relief.
The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after May 25, and on or before Aug. 1, have been postponed to Aug. 1, 2011.
In addition, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after May 25, and on or before June 9, as long as the deposits are made by June 9, 2011.
If an affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the telephone number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply. Penalties or interest will be abated only for taxpayers who have an original or extended filing, payment or deposit due date, including an extended filing or payment due date, that falls within the postponement period.
The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 1-866-562-5227 to request this tax relief.
Covered Disaster Area
The counties listed above constitute a covered disaster area for purposes of Treas. Reg. § 301.7508A-1(d)(2) and are entitled to the relief detailed below.
Taxpayers considered to be affected taxpayers eligible for the postponement of time to file returns, pay taxes and perform other time-sensitive acts are those taxpayers listed in Treas. Reg. § 301.7508A-1(d)(1), and include individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area and any individual visiting the covered disaster area who was killed or injured as a result of the disaster are entitled to relief.
Grant of Relief
Under section 7508A, the IRS gives affected taxpayers until Aug. 1 to file most tax returns (including individual, corporate, and estate and trust income tax returns; partnership returns, S corporation returns, and trust returns; estate, gift, and generation-skipping transfer tax returns; and employment and certain excise tax returns), or to make tax payments, including estimated tax payments, that have either an original or extended due date occurring on or after May 25 and on or before Aug. 1.
The IRS also gives affected taxpayers until Aug. 1 to perform other time-sensitive actions described in Treas. Reg. § 301.7508A-1(c)(1) and Rev. Proc. 2007-56, 2007-34 I.R.B. 388 (Aug. 20, 2007), that are due to be performed on or after May 25 and on or before Aug. 1.
This relief also includes the filing of Form 5500 series returns, in the manner described in section 8 of Rev. Proc. 2007-56. The relief described in section 17 of Rev. Proc. 2007-56, pertaining to like-kind exchanges of property, also applies to certain taxpayers who are not otherwise affected taxpayers and may include acts required to be performed before or after the period above.
The postponement of time to file and pay does not apply to information returns in the W-2, 1098, 1099 series, or to Forms 1042-S or 8027. Penalties for failure to timely file information returns can be waived under existing procedures for reasonable cause. Likewise, the postponement does not apply to employment and excise tax deposits. The IRS, however, will abate penalties for failure to make timely employment and excise tax deposits due on or after May 25 and on or before June 9 provided the taxpayer makes these deposits by June 9.
Affected taxpayers in a federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either this year or last year. Claiming the loss on an original or amended return for last year will get the taxpayer an earlier refund, but waiting to claim the loss on this year's return could result in a greater tax saving, depending on other income factors.
Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684 and its instructions.
Affected taxpayers claiming the disaster loss on last year's return should put the Disaster Designation "Iowa/Flooding" at the top of the form so that the IRS can expedite the processing of the refund.
The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers. Taxpayers should put the assigned Disaster Designation in red ink at the top of Form 4506, Request for Copy of Tax Return, or Form 4506-T, Request for Transcript of Tax Return, as appropriate, and submit it to the IRS.
Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.
Taxpayers may download forms and publications from the official IRS website, irs.gov, or order them by calling 1-800-TAX-FORM (1-800-829-3676). The IRS toll-free number for general tax questions is 1-800-829-1040.