Tennessee’s Disaster Tax Relief Programs: What You Need to Know
In the wake of a disaster, the last thing you want to worry about is your taxes. But with the IRS offering disaster tax relief, you can rest a little easier knowing that help is available. Here’s what you need to know about Tennessee’s disaster tax relief programs.
The first thing to know is that the IRS offers tax relief to victims of federally declared disasters. This means that if your home or business was affected by a disaster, you may be eligible for a host of tax benefits. These benefits can include an extension of the filing deadline, penalty and interest waivers, and more.
To find out if you’re eligible for disaster tax relief, you’ll need to check the IRS website or call 1-866-562-5227. You’ll need to provide your name, Social Security number, contact information, and a brief description of the disaster.
Once you’ve been approved for disaster tax relief, you’ll need to file Form 4684 with your tax return. This form will help the IRS determine how much of a loss you incurred as a result of the disaster.
If you have any questions about disaster tax relief or how to file Form 4684, you can contact the IRS at 1-866-562-5227. You can also find more information on the IRS website.
Sources:
https://www.irs.gov/newsroom/tax-relief-in-disaster-situations
https://www.irs.gov/forms-pubs/about-form-4684
https://www.irs.gov/individuals/disaster-assistance-and-emergency-relief-for-individuals-and-businesses