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IRS: Japan Earthquake-Tsunami Constitute ‘Qualified Disaster’ for Tax Purposes

Paul Caron
,

IRS Logo The IRS announced today (IR-2011-37) that the Japan earthquake and tsunami constitute a qualified disaster for purposes of § 139. Notice 2011-32, 2011-18 I.R.B. ___ (May 2, 2011). As a result, recipients of qualified disaster relief payments can exclude those payments from income. In addition, employer-sponsored private foundations can assist employee victims without adversely affecting their tax-exempt status.

About the Author

Paul Caron Avatar
Paul Caron
Paul Caron was named Duane and Kelly Roberts Dean of Pepperdine University School of Law on June 1, 2017. Dean Caron joined the Pepperdine faculty in 2013 after serving as the Dorothy and Leonard Straus Distinguished Visiting Professor of Law in the spring semesters of 2010 through 2013. He served as Associate Dean for Research and Faculty Development at Pepperdine in 2015-2017. Before coming to Pepperdine, he was Associate Dean of Faculty and Charles Hartsock Professor of Law at the University of Cincinnati College of Law.
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