The Oct. 29 storm called Hurricane Sandy devastated many parts of the East Coast. In its wake, there were more than 100 deaths and billions of dollars in property damage. Many firms were effectively out of business for days or longer because of power outages and gasoline shortages. The IRS has provided some relief to victims of the storm as well as guidance for those who want to help storm victims. Here is a roundup of the IRS’s storm-related rulings thus far.
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