In order to provide other tax relief for victims of Tennessee tornadoes, the Internal Revenue Service (IRS) extends April 15, 2020 with other upcoming deadlines for the affected taxpayers. As per details, Victims of this week’s tornadoes and severe storms in parts of Tennessee, including Nashville, will have an extended deadline until July 15, 2020 instead of April 15. Various individual and business tax returns as well as tax payments can be made by Tennessee tornadoes & storms victims till July 15, 2020.
Who Is Eligible As Tennessee Victims for Disaster Tax Relief?
3 months extension date in filing returns is provided to the victims of Tennessee tornadoes and storms occurred in 2020. The Federal Emergency Management Agency (FEMA) is responsible to provide the relief to any area, considered as qualifying, for the individual assistance. At present, Davidson, Putnam and Wilson counties are included in the list. However, taxpayers in localities added later to the disaster area will automatically receive the same filing and payment relief plans by the IRS. To view the current list of eligible localities, please visit official disaster relief page on IRS website.
How Do I Claim Tennessee Disaster Relief On My Taxes?
Taxpayers in the Tennessee disaster affected areas automatically get the IRS filing and penalty relief if they have an IRS address of record located in the disaster area. It means that the taxpayers in Tennessee are not required to contact the IRS to get disaster tax relief. Conversely, if the taxpayer receives any notice about late filing or penalty payment from the IRS, the taxpayers are advised to call the number on the notice to have the penalty abated. Taxpayers can also call the agency at 866-562-5227 if they receive a notice with an original or extended filing, payment or deposit due date falling within the postponement period.
What Are The Benefits Of Tennessee Disaster Tax Relief Program?
Following tax relief benefits can be availed by the disaster victims of Tennessee tornadoes and storms in the United States:
- Various tax filing and payment deadlines are postponed due to IRS tax relief program for Tennessee disaster that occurred starting on March 3, 2020. As per the IRS disaster relief program for Tennessee victims, the new tax deadline to returns and pay any taxes is July 15, 2020.
- All those returns filing & payment that were originally due during this period have a 03 months extended deadline of July 15. It means that 2019 individual and business returns (normally due on April 15, 2020) as well as various 2019 business returns (normally due on March 15, 2020) are included.
- In addition, the taxpayers in the affected areas can make 2019 IRA contributions until July 15, 2020.
- Quarterly Estimated Income Tax Payments (normally due on April 15 and June 15) as well as Quarterly Payroll and Excise Tax Returns (normally due on April 30) can also be filed till July 15, 2020.
- Tax-exempt organizations in the affected areas, operating on a calendar-year basis, are also included to file 2019 tax return (normally due on May 15) till July 15 of this year.
- All the penalties on payroll and excise tax deposits due on or after March 3 and before March 18 will be abated by the IRS if the deposits are made before March 18, 2020.
You can also request call back to Black Ink representative to get any further details about other returns, payments and tax-related actions qualifying for the additional extended time of three months.