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The Honolulu Advertiser

Posted at 11:56 a.m., Wednesday, May 10, 2006

Business briefs: Flood victims get tax extension

Advertiser Staff

Hawai'i taxpayers affected by the flooding earlier this year are getting a break on their federal filing deadlines as part of President Bush declaring the floods a major disaster.

Deadlines to file returns, pay taxes and perform other time-sensitive acts between Feb. 20 and July 2 are being postponed to July 3 for taxpayers in the disaster areas on O'ahu and Kaua'i, the Internal Revenue Service said in a statement.

The IRS said taxpayers need to identify themselves as victims by writing "Severe Storms - HI" in red ink at the top of tax forms they file.

The tax agency also said taxpayers in the disaster area can claim disaster-related losses for personal property not covered by insurance or other reimbursements. They need to refer to IRS Publication 547 to for details on claiming the loss.

The state estimates damage from the failure of the Kaloko Reservoir dam on Kaua'i and other flooding on that island and O'ahu could total more than $50 million.

New restaurants, stores open at Windward Mall

Ruby Tuesday is one of several new restaurants and stores opening at Windward Mall.

Both Ruby Tuesday and Gallery Haiku are open for business, while Bellagio Salon-Spa is scheduled to open later this month.

IHOP also has signed a lease for space at Windward Mall, but no scheduled opening date has been set.

Small business boot camp set for May 23

The Small Business Technology Institute has scheduled a "boot camp" training session for small businesses May 23 at the Waikiki Beach Marriott Resort & Spa.

The one-day training event, presented by Institute and sponsored by Intel Corp., features five technology immersion seminars and a simulation experience. The $20 registration fee includes breakfast, lunch and training materials. To register, or for more information, visit http://www.sbtechnologyinstitute.org/bootcamp/register.php or call 408-494-0212 (x106).