Updated February 3, 2022 to add Decatur and Dyer counties.
January 20, 2022
Candace J. Dixon
Following FEMA's recent disaster declaration, the IRS announced that Tennessee victims of severe storms, straight-line winds and tornadoes beginning December 10, 2021 in Cheatham, Davidson, Decatur, Dickson, Dyer, Gibson, Henderson, Henry, Lake, Obion, Stewart, Sumner, Weakley, and Wilson counties have until May 16, 2022 to file various individual and business tax returns and make tax payments.
Certain deadlines falling on or after December 10, 2021, and before May 16, 2022, are postponed through May 16, 2022.
Deadlines postponed until May 16, 2022 include:
Quarterly estimated tax payments normally due January 18, 2022
Quarterly payroll and excise tax returns normally due January 31
Farmers who forgo making estimated tax payments and normally file returns March 1
Filing most tax returns with original or extended due dates on or after December 10, 2021 and before May 16, 2022
Estimated income tax payments originally due on or after December 10, 2021 and before May 16, 2022
Filing Form 5500 series returns originally required to be filed on or after December 10, 2021 and before May 16, 2022
Penalties on payroll and excise tax deposits due on or after December 10, 2021 and before December 27, 2021 will be abated as long as they were made by December 27, 2021.
If a late filing or payment penalty notice from the IRS with an original or extended filing, payment or deposit due date falling within the postponement period is received, call the number on the notice to have the IRS abate the penalty. While the IRS automatically identifies those located in the disaster area and applies filing and payment relief, those affected who reside or have a business located outside the covered disaster area should call the IRS disaster hotline at 866-562-5227 to request the relief.
While the postponement of time to file and pay does not apply to information returns in the W-2, 1094, 1095, 1097, 1098 or 1099 series; Forms 1042-S, 3921, 3922 or 8027; or employment and excise tax deposits, penalties on deposits due on or after December 10, 2021 and before December 27, 2021 will be abated as long as the deposits were made by December 27, 2021.
Casualty Losses
Affected taxpayers in a federally declared disaster area have the option of claiming Disaster-related casualty losses can be claimed on federal tax returns for either the year in which the event occurred, or the prior year.
Individuals can deduct personal property losses not covered by insurance or other reimbursements. When claiming the disaster loss on returns, put the Disaster Designation "Tennessee Severe storms, straight-line winds and tornadoes" in bold letters at the top, and include the FEMA disaster declaration number DR-4637-TN on the return.
Other Relief
The IRS will waive fees and requests for copies of previously filed tax returns; put the assigned Disaster Designation "Tennessee Severe storms, straight-line winds and tornadoes" in bold letters at the top of Form 4506, Request for Copy of Tax Return or Form 4506-T, Request for Transcript of Tax Return when submitting them to the IRS.
Those affected who are contacted by the IRS on collection or examination matters should explain how the disaster impacts them so the IRS can provide appropriate consideration to their case.
Residents of Decatur and Dyer counties impacted by this weather event should read the IRS news release IRS announces tax relief for Tennessee victims of severe storms, straight-line winds and tornadoes.