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IRS Explains Tax-Favored Means for Employers to Provide Relief for Employees Affected by Hurricane Sandy
Miller & Chevalier Link to more items from this source
Nov. 7, 2012
"Covered payments include amounts used to reimburse or pay reasonable and necessary personal, family, living, or funeral expenses, provided such expenses are not compensated by insurance or otherwise. Payments also may be provided to reimburse or pay reasonable and necessary expenses for the individual's repair or rehabilitation of a personal residence, or for the repair or replacement of the residence's contents, to the extent attributable to the qualified disaster, provided such repair, rehabilitation, or replacement expenditures are not compensated by insurance or otherwise. Qualified disaster relief payments also are excludable for purposes of self-employment taxes and employment taxes."

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