Even with all that Katrina victims have been through since the hurricane, they now are facing new challenges thanks to the IRS:
The deadline for filing federal income taxes is three months away, but...filers (effected by Katrina) are already preparing for what could be the most complicated tax return they'll ever file.Thanks to Katrina, they're sorting through tax issues involving everything from deductions on property losses to gains achieved through insurance settlements....Holly Sharp, an accountant and financial planner with Laporte Sehrt Romig and Hand in Metairie, said clients can expect the cost of tax returns to double or triple....
Yet one more reason to start over with our federal tax policy and get rid of the current code.
(Source: Newhouse New Service).
