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Topic: Flood victims

Flood Victims Must Choose by April 18th Filing Deadline

 

Internal Revenue Service - IRSNashville, TN – The Internal Revenue Service today offered a final reminder to those affected by the 2010 floods and storms.

Those who want to seek tax relief using their 2009 federal income tax return must file or amend that return no later than April 18th, 2011. There is no filing extension available for those exercising this option.

Affected taxpayers in any of the 46 Tennessee counties declared federal disaster areas after the May 2010 floods and storms generally have the option of claiming a casualty loss on their 2009 or 2010 federal income tax return. Only those in the federally-declared counties have this option. «Read the rest of this article»

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IRS Alerts Flood Victims to April 18th Filing Deadline

 

Internal Revenue Service - IRSNashville, TN – The Internal Revenue Service today reminded Tennesseans that those affected by the 2010 floods and storms who want to seek tax relief using their 2009 federal income tax return must file or amend their 2009 return no later than April 18th, 2011. There is no filing extension available for those exercising this option.

Affected taxpayers in any of the 46 Tennessee counties declared federal disaster areas after the May 2010 floods and storms generally have the option of claiming a casualty loss on their 2009 or 2010 federal income tax return. Only those in the federally-declared counties have this option. «Read the rest of this article»

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IRS Offers Tips for Tax Filers Who Were Flood/Storm Victims in 2010

 

Internal Revenue Service - IRSNashville, TN – With tax filing season just beginning, the Internal Revenue Service today alerted 2010 flood and storm victims about tax relief provisions available, including a way to possibly get a tax refund by filing a casualty loss claim using their 2009 tax form.

“Many flood or storm victims may benefit from claiming a casualty loss with the IRS, especially those who did not have insurance,” said IRS spokesman Dan Boone.

According to Boone, affected taxpayers in the 46 Tennessee counties declared federal disaster areas after the May 2010 floods and storms generally have the option of claiming a casualty loss on their 2009 or 2010 return. «Read the rest of this article»

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SBA Approvals Top $100 Million in Disaster Loans for Tennessee

 

Deadline to Apply for Physical Damage Extended to August 5th 

Atlanta, GA – More than $100 million in U.S. Small Business Administration Disaster Assistance Loans have been approved for disaster survivors in Tennessee.   “Currently, 2,136 disaster loans have been approved in the amount of $101,987,800,” said Frank Skaggs, director of SBA Field Operations Center East in Atlanta.  “We hope the extension of the deadline will encourage more Tennesseans to apply for assistance before August 5th.”

In Clarksville so far, 39  loans have been approved for Montgomery County flood survivors. 4 of these loans were for businesses.  Loan approvals currently total $2,229,300. «Read the rest of this article»

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Tax relief for victims of the flood

 

Important Information regarding Tax Relief that may soon be available to Individuals affected by Flooding

New legislation passed by the General Assembly is expected to provide Tennessee sales tax relief for qualified individuals affected by the recent severe storms and flooding who must replace damaged or destroyed items. Eligible items include major appliances and residential furniture used in the individual’s primary residence with a purchase price of $3,200 or less per item, and building supplies used for restoration of the individual’s primary residence with a purchase price of $500.00 or less per item.

Individuals receiving disaster assistance from the Federal Emergency Management Agency (FEMA) as a result of the severe storms and flooding that occurred in Tennessee between May 1st, 2010 and May 8th, 2010, may request a refund of Tennessee sales tax paid on eligible items purchased between May 1st, 2010 and September 30th, 2010. «Read the rest of this article»

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Queen City Lions club receives grant

 

The local Queen City Lions Club has received a grant in the form of twenty-five $50 gift cards from the Lions Club International. The Lions Club partnered with Community Action Agency to distribute the funds to the flood victims in our community. 

Queen City Lions Club

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Nissan North America provides assistance for Tennessee Disaster Relief

 

$300,000 Cash Donation, Employee Pricing for Flood Victims

FRANKLIN, TN., In response to the heavy rains and subsequent flooding that severely damaged Tennessee, Nissan North America Inc. (NNA) is taking several measures to help the community it calls home.

Nissan has announced an immediate $200,000 cash donation to the American Red Cross in Middle Tennessee and a $50,000 cash donation to Second Harvest Food Bank to assist with flooding relief efforts in Tennessee.  Nissan also will match employee donations to American Red Cross and Second Harvest Food Bank, dollar-for-dollar up to $50,000. «Read the rest of this article»

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TNHousingSearch.org will help Tennessee flood victims find housing

 

Landlords urged to list available units immediately

Many Tennesseans have been displaced from their homes after heavy rains swelled the Cumberland River and other Tennessee waterways. To help these displaced residents find housing quickly, the Tennessee Housing Development Agency is urging all property providers to list available rental housing on the free, statewide housing locater service TNHousingSearch.org as soon as possible. The process of listing takes about 10 minutes and is completely free. «Read the rest of this article»

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