IRS DESIGNATES CHILE EARTHQUAKE A ‘QUALIFIED DISASTER’ FOR TAX PURPOSES
The IRS currently released Notice 2010-26, 2010-14 I.R.B. ___ (Apr. 5, 2010), installation a Chile trembler as a competent mess for purposes of § 139. As a result, people who embrace competent mess service payments can bar those payments from income upon their taxation returns. In addition, a notice allows…
