1999 Tax Help Archives  

Pub. 17, Chapter 27 - Nonbusiness Casualty & Theft Losses

Important Reminder

This is archived information that pertains only to the 1999 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

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Interest abatement in federally declared disaster areas.
For individuals located in an area declared a disaster area by the President after 1997, the IRS will abate interest on income tax for the length of any extension granted for filing income tax returns and paying income tax for 1997 and 1998.

For other taxpayers located in an area declared a disaster area by the President after 1997, the IRS will abate interest on income tax for the length of any extension granted for filing income tax returns and paying income tax for tax years beginning after 1997. See Disaster area loss under When To Report Gain or Loss, later.

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