Tennessee Disaster Relief Area Tax News Issue One Request Lost Tax Records Now The goal of the TDRA Tax News is to discuss the special rules that apply to residents of the disaster relief counties. In May 2010, the President declared the following counties, Benton, Carroll, Cheatham, Chester, Clay Corkett, Davidson, Decatur, DeKalb, Dickson, Dyer, Fayette, Gibson Hardeman, Hardin, Haywood, Henderson, Hickman, Houston, Humphreys, Jackson Lauderdale, Lewis Macon, Madison, Maury, McNairy, Montgomery, Obion, Perry, Robertson, Rutherford, Shelby, Smith, Stewart, Sumner, Tipton, Trousdale, Wayne, Williamson, and Wilson counties federal disaster areas qualifying for individual assistance. A number of special tax provisions apply to residents of these counties. Request Lost Records After meeting your families housing needs, one of the first things that residents should do is try to recover their tax records. This will be important later if the resident claims a casualty loss on their income tax return. Good News There is good news for residents of the 42 counties that have been declared federal disaster relief areas. Persons living in these counties are entitled to special treatment by the IRS. The IRS has agreed to waive fees for copies of income tax returns and transcripts of account. Normally, the fee for a copy of a single income tax return is $57.00. Here are two things you can do now: 1. Request copies of your tax returns, Form 4506. If you lost your tax records, whether or not it was due to the flood, you need to acquire copies of your previously filed returns for the years File Forms 4506, Request for copy of Tax Return, for 2006, 2007, 2008 and 2009. Normally, the IRS changes $57.00 for each return. But, the IRS will waive fees for copies of returns for persons who live in the 17 disaster relief counties To get free copies, it is necessary to write in “RED” ink the following across the top of the Form. Tennessee/Severe Storms, Flooding, Straight-Line Winds and Tornadoes If the tax returns were filed from Tennessee, then send the Forms 4506 should be mailed to: RAIVS Team Stop 6716 AUSC Austin, TX 73301 2. Request Transcripts of Account, Form 4506-T. A transcript of account is a IRS document that explains the tax history of your account for a single year. It contains data about the amount of income reported, the amount of tax due, the amount of any tax payments and the balance due. If you are claiming a loss that will be carried back to earlier years, transcripts of account for those years are very important. It is recommended that you request transcript for the years 2006 through 2009. You can request transcripts of account on Form 4506-T. To get free copies of transcripts of account, it is necessary to write in “RED” ink the following across the top of the Form. Tennessee/Severe Storms, Flooding, Straight-Line Winds and Tornadoes If the tax returns were filed from Tennessee, then send the Forms 4506 should be mailed to: RAIVS Team Stop 6716 AUSC Austin, TX 73301 Forms Available Online You can download forms discussed here with the statement “Tennessee/Severe Storms, Flooding, Straight-Line Winds and Tornadoes” already noted on the top. You can find these forms at the Legal Aid Society web site, www.las.org. Forms are also available at the IRS web site, www.irs.gov.