IRS provides tax relief for taxpayers affected by August 2021 storms in Tennessee

Certain deadlines falling on or after August 21, 2021, and before January 3, 2022, are postponed through January 3, 2022.

Certain deadlines falling on or after August 21, 2021, are postponed

Taxpayers in Tennessee affected by August 2021 storms now have until January 3, 2022, to file various individual and business tax returns and make tax payments.

An IRS release—TN-2021-01 (August 27, 2021)—explains that after a disaster declaration by the Federal Emergency Management Agency (FEMA) for the storms that occurred on August 21, 2021, “affected taxpayers” in Dickson, Hickman, Houston, and Humphreys counties may be eligible for tax relief. This relief applies for individual taxpayers affected by the storms if residing or having a business in these counties.

The FEMA declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area.

  • Certain deadlines falling on or after August 21, 2021, and before January 3, 2022, are postponed through January 3, 2022 (including the deadlines for filing individual income tax returns and making payments of tax).
  • The January 3, 2021 deadline applies to the quarterly estimated tax payment normally due on September 15.
  • Penalties on deposits due on or after August 21, 2021, and before September 7, 2021, will be abated as long as the tax deposits were made by September 7, 2021.

If an affected taxpayer receives a late-filing or late-payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement period, the taxpayer is directed to call the telephone number on the notice to have the IRS abate the penalty. 

 

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