2006 Announcements & Notices
Pertaining to Disasters

These documents are Announcements and Notices published in the weekly Internal Revenue Bulletin (IRB) which pertain to disasters, such as Hurricanes Katrina, Rita, & Wilma, and the Tsunami in SE Asia.

These documents are either in HTML or in the Adobe Acrobat PDF format. Internal Revenue Bulletin Summary pages are in HTML format.

Document	Bulletin	Date of IRB
Announcement 2006-29(HTML)	IRB #2006-19(HTML)	May 8, 2006
This announcement advises taxpayers affected by Hurricane Katrina, Rita, or Wilma that the Treasury Department and the IRS have extended through December 31, 2006, the required placed-in-service date for certain property that is eligible for the additional first year depreciation deduction provided in section 168(k) of the Code and that is placed in service or manufactured in certain areas affected by Hurricane Katrina, Rita, or Wilma.
Notice 2006-59(HTML)	IRB #2006-28(HTML)	July 10, 2006
Disaster leave-sharing plans. This notice describes certain leave-sharing plans under which employees may deposit leave in an employer-sponsored leave bank for use by other employees who have been adversely affected by a major disaster. For a plan that meets the requirements of this notice, the IRS will not assert that an employee who deposits leave under the plan realizes income or has wages or compensation with respect to the deposited leave, provided the plan treats payments made by the employer to a leave recipient as wages and compensation. No deduction is allowed to an employee who deposits leave.
Notice 2006-58(HTML)	IRB #2006-28(HTML)	July 10, 2006
This notice provides that the Service will not treat a hotel, motel, or other establishment that otherwise satisfies the definition of "lodging facility" under section 856(d)(9) of the Code as other than a "lodging facility" if it is used to provide temporary housing to certain persons affected by Hurricane Katrina or Hurricane Rita, provided the requirements of the notice are satisfied.
Notice 2006-56(HTML)	IRB #2006-28(HTML)	July 10, 2006
This notice supplements and modifies Notice 2006-20, 2006-10 I.R.B. 560, which, under the authority of section 7508A of the Code, postponed until August 28, 2006, deadlines for certain taxpayers affected by Hurricane Katrina. Specifically, this notice provides an additional postponement of time until October 16, 2006, for certain affected taxpayers.
Notice 2006-38(HTML)	IRB #2006-16(HTML)	April 17, 2006
This notice provides relief for persons who have rehabilitation credit property in areas affected by Hurricanes Katrina, Rita, or Wilma. First, the notice provides a safe harbor period of three years for repair of rehabilitation credit property placed in service prior to the hurricanes and damaged by the hurricanes during which time the property is not subject to rehabilitation credit recapture under Code section 50(a)(1) provided that repairs to the property are actively ongoing. Second, for property on which the rehabilitation had begun but has not yet been placed in service on the date that the President declared a major disaster in the area in which the property is located, the running of the 24-month or 60-month period is tolled for a period of 12 months.
Notice 2006-21(HTML)	IRB #2006-12(HTML)	March 20, 2006
This notice informs Alabama, Louisiana, and Mississippi of their state population portion in the Gulf Opportunity Zone required to determine the (1) Gulf Opportunity housing amount under section 1400N(c)(1)(B) of the Code, and (2) maximum aggregate face amount of qualified Gulf Opportunity Zone Bonds under section 1400N(a)(3) of the Code.
Notice 2006-20(HTML)	IRB #2006-10(HTML)	March 6, 2006
This notice supplements Notice 2005-73, 2005-42 I.R.B. 723, News Release IR-2005-112, Notice 2005-81, 2005-47 I.R.B. 977, and Notice 2005-66, 2005-40 I.R.B. 620, which, under the authority of section 7508A, postponed until February 28, 2006, deadlines for certain taxpayers affected by Hurricane Katrina to perform the acts described in Notice 2005-73 (e.g., filing returns and other documents, payment of taxes), and for the Internal Revenue Service (IRS) to perform the acts described in Notice 2005-81 (e.g., assessment, collection). The notice further postpones those deadlines through August 28, 2006, for the IRS and for affected taxpayers in the parishes in Louisiana and the counties in Mississippi and Alabama that the Federal Emergency Management Agency (FEMA) determined were eligible for individual assistance. Notices 2005-66, 2005-73, and 2005-81 supplemented.
Notice 2006-17(HTML)	IRB #2006-10(HTML)	March 6, 2006
This notice states that the deadline to make an election under section 165(i) of the Code to deduct in the preceding taxable year certain losses attributable to Hurricane Katrina, Rita, or Wilma is postponed until October 16, 2006.
Notice 2006-12(HTML)	IRB #2006-07(HTML)	February 13, 2006
This notice supplements the relief previously granted by the IRS with respect to taxpayers affected by Hurricanes Katrina and Rita. It provides relief from certain backup withholding obligations under section 3406 of the Code due to notification that a payee’s taxpayer identification number is incorrect. Pursuant to the authority of section 7508A, the IRS postpones the time for certain payors to send notices to payees, and to begin imposing backup withholding on reportable payments to such payees.
Notice 2006-11(HTML)	IRB #2006-05(HTML)	February 13, 2006
The Service is suspending certain requirements under section 42 of the Code for low-income housing credit projects in the United States as a result of the devastation caused by Hurricane Rita.
Notice 2006-10(HTML)	IRB #2006-05(HTML)	January 30, 2006
Hurricane Katrina evacuation allowances. This notice discusses the income and employment tax treatment of special allowances paid by federal executive agencies to employees and their dependents to reimburse certain expenses incurred while evacuating from the Hurricane Katrina core disaster area and staying at a safe haven.
Rev. Proc 2006-32(HTML)	IRB #2006-28(HTML)	July 10, 2006
Casualty and theft losses. This document provides individual taxpayers with safe harbor methods they may use in determining the amount of their casualty and theft loss deductions for personal-use residential real property and certain personal belongings that were damaged, destroyed, or stolen as a result of Hurricanes Katrina, Rita, or Wilma.

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