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How To File Irs Form 1040x

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How To File Irs Form 1040x

How to file irs form 1040x 16. How to file irs form 1040x   Reporting Gains and Losses Table of Contents What's New Introduction Useful Items - You may want to see: Reporting Capital Gains and Losses Exception 1. How to file irs form 1040x Exception 2. How to file irs form 1040x File Form 1099-B or Form 1099-S with the IRS. How to file irs form 1040x Capital Losses Capital Gain Tax Rates What's New Maximum capital gain rates. How to file irs form 1040x . How to file irs form 1040x  For 2013, the maximum capital gain rates are 0%, 15%, 20%, 25%, and 28%. How to file irs form 1040x Introduction This chapter discusses how to report capital gains and losses from sales, exchanges, and other dispositions of investment property on Form 8949 and Schedule D (Form 1040). How to file irs form 1040x The discussion includes the following topics. How to file irs form 1040x How to report short-term gains and losses. How to file irs form 1040x How to report long-term gains and losses. How to file irs form 1040x How to figure capital loss carryovers. How to file irs form 1040x How to figure your tax on a net capital gain. How to file irs form 1040x If you sell or otherwise dispose of property used in a trade or business or for the production of income, see Publication 544, Sales and Other Dispositions of Assets, before completing Schedule D (Form 1040). How to file irs form 1040x Useful Items - You may want to see: Publication 537 Installment Sales 544 Sales and Other Dispositions of Assets 550 Investment Income and Expenses Form (and Instructions) 4797 Sales of Business Property 6252 Installment Sale Income 8582 Passive Activity Loss Limitations 8949 Sales and Other Dispositions of Capital Assets Schedule D (Form 1040) Capital Gains and Losses Reporting Capital Gains and Losses Generally, report capital gains and losses on Form 8949. How to file irs form 1040x Complete Form 8949 before you complete line 1b, 2, 3, 8b, 9, or 10 of Schedule D (Form 1040). How to file irs form 1040x Use Form 8949 to report: The sale or exchange of a capital asset not reported on another form or schedule; Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit; and Nonbusiness bad debts. How to file irs form 1040x Use Schedule D (Form 1040): To figure the overall gain or loss from transactions reported on Form 8949; To report a gain from Form 6252 or Part I of Form 4797; To report a gain or loss from Form 4684, 6781, or 8824; To report capital gain distributions not reported directly on Form 1040 or Form 1040A; To report a capital loss carryover from the previous tax year to the current tax year; To report your share of a gain or (loss) from a partnership, S corporation, estate, or trust; To report transactions reported to you on a Form 1099-B (or substitute statement) showing basis was reported to the IRS and to which none of the Form 8949 adjustments or codes apply; and To report undistributed long-term capital gains from Form 2439. How to file irs form 1040x On Form 8949, enter all sales and exchanges of capital assets, including stocks, bonds, etc. How to file irs form 1040x , and real estate (if not reported on Form 4684, 4797, 6252, 6781, 8824, or line 1a or 8a of Schedule D). How to file irs form 1040x Include these transactions even if you did not receive a Form 1099-B or 1099-S (or substitute statement) for the transaction. How to file irs form 1040x Report short-term gains or losses in Part I. How to file irs form 1040x Report long-term gains or losses in Part II. How to file irs form 1040x Use as many Forms 8949 as you need. How to file irs form 1040x Exceptions to filing Form 8949 and Schedule D (Form 1040). How to file irs form 1040x   There are certain situations where you may not have to file Form 8949 and/or Schedule D (Form 1040). How to file irs form 1040x Exception 1. How to file irs form 1040x   You do not have to file Form 8949 or Schedule D (Form 1040) if you have no capital losses and your only capital gains are capital gain distributions from Form(s) 1099-DIV, box 2a (or substitute statements). How to file irs form 1040x (If any Form(s) 1099-DIV (or substitute statements) you receive have an amount in box 2b (unrecaptured section 1250 gain), box 2c (section 1202 gain), or box 2d (collectibles (28%) gain), you do not qualify for this exception. How to file irs form 1040x ) If you qualify for this exception, report your capital gain distributions directly on line 13 of Form 1040 (and check the box on line 13). How to file irs form 1040x Also use the Qualified Dividends and Capital Gain Tax Worksheet in the Form 1040 instructions to figure your tax. How to file irs form 1040x You can report your capital gain distributions on line 10 of Form 1040A, instead of on Form 1040, if none of the Forms 1099-DIV (or substitute statements) you received have an amount in box 2b, 2c, or 2d, and you do not have to file Form 1040. How to file irs form 1040x Exception 2. How to file irs form 1040x   You must file Schedule D (Form 1040), but generally do not have to file Form 8949, if Exception 1 does not apply and your only capital gains and losses are: Capital gain distributions; A capital loss carryover; A gain from Form 2439 or 6252 or Part I of Form 4797; A gain or loss from Form 4684, 6781, or 8824; A gain or loss from a partnership, S corporation, estate, or trust; or Gains and losses from transactions for which you received a Form 1099-B (or substitute statement) that shows the basis was reported to the IRS and for which you do not need to make any adjustments in column (g) of Form 8949 or enter any codes in column (f) of Form 8949. How to file irs form 1040x Installment sales. How to file irs form 1040x   You cannot use the installment method to report a gain from the sale of stock or securities traded on an established securities market. How to file irs form 1040x You must report the entire gain in the year of sale (the year in which the trade date occurs). How to file irs form 1040x Passive activity gains and losses. How to file irs form 1040x    If you have gains or losses from a passive activity, you may also have to report them on Form 8582. How to file irs form 1040x In some cases, the loss may be limited under the passive activity rules. How to file irs form 1040x Refer to Form 8582 and its instructions for more information about reporting capital gains and losses from a passive activity. How to file irs form 1040x Form 1099-B transactions. How to file irs form 1040x   If you sold property, such as stocks, bonds, or certain commodities, through a broker, you should receive Form 1099-B or substitute statement from the broker. How to file irs form 1040x Use the Form 1099-B or the substitute statement to complete Form 8949. How to file irs form 1040x If you sold a covered security in 2013, your broker should send you a Form 1099-B (or substitute statement) that shows your basis. How to file irs form 1040x This will help you complete Form 8949. How to file irs form 1040x Generally, a covered security is a security you acquired after 2010. How to file irs form 1040x   Report the gross proceeds shown in box 2a of Form 1099-B as the sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. How to file irs form 1040x However, if the broker advises you, in box 2a of Form 1099-B, that gross proceeds (sales price) less commissions and option premiums were reported to the IRS, enter that net sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. How to file irs form 1040x    Include in column (g) any expense of sale, such as broker's fees, commissions, state and local transfer taxes, and option premiums, unless you reported the net sales price in column (d). How to file irs form 1040x If you include an expense of sale in column (g), enter “E” in column (f). How to file irs form 1040x Form 1099-CAP transactions. How to file irs form 1040x   If a corporation in which you own stock has had a change in control or a substantial change in capital structure, you should receive Form 1099-CAP or a substitute statement from the corporation. How to file irs form 1040x Use the Form 1099-CAP or substitute statement to fill in Form 8949. How to file irs form 1040x If your computations show that you would have a loss because of the change, do not enter any amounts on Form 8949 or Schedule D (Form 1040). How to file irs form 1040x You cannot claim a loss on Schedule D (Form 1040) as a result of this transaction. How to file irs form 1040x   Report the aggregate amount received shown in box 2 of Form 1099-CAP as the sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. How to file irs form 1040x Form 1099-S transactions. How to file irs form 1040x   If you sold or traded reportable real estate, you generally should receive from the real estate reporting person a Form 1099-S showing the gross proceeds. How to file irs form 1040x    “Reportable real estate” is defined as any present or future ownership interest in any of the following: Improved or unimproved land, including air space; Inherently permanent structures, including any residential, commercial, or industrial building; A condominium unit and its accessory fixtures and common elements, including land; and Stock in a cooperative housing corporation (as defined in section 216 of the Internal Revenue Code). How to file irs form 1040x   A “real estate reporting person” could include the buyer's attorney, your attorney, the title or escrow company, a mortgage lender, your broker, the buyer's broker, or the person acquiring the biggest interest in the property. How to file irs form 1040x   Your Form 1099-S will show the gross proceeds from the sale or exchange in box 2. How to file irs form 1040x See the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040) for how to report these transactions and include them in Part I or Part II of Form 8949 as appropriate. How to file irs form 1040x However, report like-kind exchanges on Form 8824 instead. How to file irs form 1040x   It is unlawful for any real estate reporting person to separately charge you for complying with the requirement to file Form 1099-S. How to file irs form 1040x Nominees. How to file irs form 1040x   If you receive gross proceeds as a nominee (that is, the gross proceeds are in your name but actually belong to someone else), see the Instructions for Form 8949 for how to report these amounts on Form 8949. How to file irs form 1040x File Form 1099-B or Form 1099-S with the IRS. How to file irs form 1040x   If you received gross proceeds as a nominee in 2013, you must file a Form 1099-B or Form 1099-S for those proceeds with the IRS. How to file irs form 1040x Send the Form 1099-B or Form 1099-S with a Form 1096, Annual Summary and Transmittal of U. How to file irs form 1040x S. How to file irs form 1040x Information Returns, to your Internal Revenue Service Center by February 28, 2014 (March 31, 2014, if you file Form 1099-B or Form 1099-S electronically). How to file irs form 1040x Give the actual owner of the proceeds Copy B of the Form 1099-B or Form 1099-S by February 18, 2014. How to file irs form 1040x On Form 1099-B, you should be listed as the “Payer. How to file irs form 1040x ” The other owner should be listed as the “Recipient. How to file irs form 1040x ” On Form 1099-S, you should be listed as the “Filer. How to file irs form 1040x ” The other owner should be listed as the “Transferor. How to file irs form 1040x ” You do not have to file a Form 1099-B or Form 1099-S to show proceeds for your spouse. How to file irs form 1040x For more information about the reporting requirements and the penalties for failure to file (or furnish) certain information returns, see the General Instructions for Certain Information Returns. How to file irs form 1040x If you are filing electronically see Publication 1220. How to file irs form 1040x Sale of property bought at various times. How to file irs form 1040x   If you sell a block of stock or other property that you bought at various times, report the short-term gain or loss from the sale on one row in Part I of Form 8949, and the long-term gain or loss on one row in Part II of Form 8949. How to file irs form 1040x Write “Various” in column (b) for the “Date acquired. How to file irs form 1040x ” Sale expenses. How to file irs form 1040x    On Form 8949, include in column (g) any expense of sale, such as broker's fees, commissions, state and local transfer taxes, and option premiums, unless you reported the net sales price in column (d). How to file irs form 1040x If you include an expense of sale in column (g), enter “E” in column (f). How to file irs form 1040x   For more information about adjustments to basis, see chapter 13. How to file irs form 1040x Short-term gains and losses. How to file irs form 1040x   Capital gain or loss on the sale or trade of investment property held 1 year or less is a short-term capital gain or loss. How to file irs form 1040x You report it in Part I of Form 8949. How to file irs form 1040x   You combine your share of short-term capital gain or loss from partnerships, S corporations, estates, and trusts, and any short-term capital loss carryover, with your other short-term capital gains and losses to figure your net short-term capital gain or loss on line 7 of Schedule D (Form 1040). How to file irs form 1040x Long-term gains and losses. How to file irs form 1040x    A capital gain or loss on the sale or trade of investment property held more than 1 year is a long-term capital gain or loss. How to file irs form 1040x You report it in Part II of Form 8949. How to file irs form 1040x   You report the following in Part II of Schedule D (Form 1040): Undistributed long-term capital gains from a mutual fund (or other regulated investment company) or real estate investment trust (REIT); Your share of long-term capital gains or losses from partnerships, S corporations, estates, and trusts; All capital gain distributions from mutual funds and REITs not reported directly on line 10 of Form 1040A or line 13 of Form 1040; and Long-term capital loss carryovers. How to file irs form 1040x    The result after combining these items with your other long-term capital gains and losses is your net long-term capital gain or loss (Schedule D (Form 1040), line 15). How to file irs form 1040x Total net gain or loss. How to file irs form 1040x   To figure your total net gain or loss, combine your net short-term capital gain or loss (Schedule D (Form 1040), line 7) with your net long-term capital gain or loss (Schedule D (Form 1040), line 15). How to file irs form 1040x Enter the result on Schedule D (Form 1040), Part III, line 16. How to file irs form 1040x If your losses are more than your gains, see Capital Losses , next. How to file irs form 1040x If both lines 15 and 16 of your Schedule D (Form 1040) are gains and your taxable income on your Form 1040 is more than zero, see Capital Gain Tax Rates , later. How to file irs form 1040x Capital Losses If your capital losses are more than your capital gains, you can claim a capital loss deduction. How to file irs form 1040x Report the amount of the deduction on line 13 of Form 1040, in parentheses. How to file irs form 1040x Limit on deduction. How to file irs form 1040x   Your allowable capital loss deduction, figured on Schedule D (Form 1040), is the lesser of: $3,000 ($1,500 if you are married and file a separate return); or Your total net loss as shown on line 16 of Schedule D (Form 1040). How to file irs form 1040x   You can use your total net loss to reduce your income dollar for dollar, up to the $3,000 limit. How to file irs form 1040x Capital loss carryover. How to file irs form 1040x   If you have a total net loss on line 16 of Schedule D (Form 1040) that is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you had incurred it in that next year. How to file irs form 1040x If part of the loss is still unused, you can carry it over to later years until it is completely used up. How to file irs form 1040x   When you figure the amount of any capital loss carryover to the next year, you must take the current year's allowable deduction into account, whether or not you claimed it and whether or not you filed a return for the current year. How to file irs form 1040x   When you carry over a loss, it remains long term or short term. How to file irs form 1040x A long-term capital loss you carry over to the next tax year will reduce that year's long-term capital gains before it reduces that year's short-term capital gains. How to file irs form 1040x Figuring your carryover. How to file irs form 1040x   The amount of your capital loss carryover is the amount of your total net loss that is more than the lesser of: Your allowable capital loss deduction for the year; or Your taxable income increased by your allowable capital loss deduction for the year and your deduction for personal exemptions. How to file irs form 1040x   If your deductions are more than your gross income for the tax year, use your negative taxable income in computing the amount in item (2). How to file irs form 1040x    Complete the Capital Loss Carryover Worksheet in the Instructions for Schedule D or Publication 550 to determine the part of your capital loss that you can carry over. How to file irs form 1040x Example. How to file irs form 1040x Bob and Gloria sold securities in 2013. How to file irs form 1040x The sales resulted in a capital loss of $7,000. How to file irs form 1040x They had no other capital transactions. How to file irs form 1040x Their taxable income was $26,000. How to file irs form 1040x On their joint 2013 return, they can deduct $3,000. How to file irs form 1040x The unused part of the loss, $4,000 ($7,000 − $3,000), can be carried over to 2014. How to file irs form 1040x If their capital loss had been $2,000, their capital loss deduction would have been $2,000. How to file irs form 1040x They would have no carryover. How to file irs form 1040x Use short-term losses first. How to file irs form 1040x   When you figure your capital loss carryover, use your short-term capital losses first, even if you incurred them after a long-term capital loss. How to file irs form 1040x If you have not reached the limit on the capital loss deduction after using the short-term capital losses, use the long-term capital losses until you reach the limit. How to file irs form 1040x Decedent's capital loss. How to file irs form 1040x    A capital loss sustained by a decedent during his or her last tax year (or carried over to that year from an earlier year) can be deducted only on the final income tax return filed for the decedent. How to file irs form 1040x The capital loss limits discussed earlier still apply in this situation. How to file irs form 1040x The decedent's estate cannot deduct any of the loss or carry it over to following years. How to file irs form 1040x Joint and separate returns. How to file irs form 1040x   If you and your spouse once filed separate returns and are now filing a joint return, combine your separate capital loss carryovers. How to file irs form 1040x However, if you and your spouse once filed a joint return and are now filing separate returns, any capital loss carryover from the joint return can be deducted only on the return of the spouse who actually had the loss. How to file irs form 1040x Capital Gain Tax Rates The tax rates that apply to a net capital gain are generally lower than the tax rates that apply to other income. How to file irs form 1040x These lower rates are called the maximum capital gain rates. How to file irs form 1040x The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. How to file irs form 1040x For 2013, the maximum capital gain rates are 0%, 15%, 20%, 25%, and 28%. How to file irs form 1040x See Table 16-1 for details. How to file irs form 1040x If you figure your tax using the maximum capital gain rate and the regular tax computation results in a lower tax, the regular tax computation applies. How to file irs form 1040x Example. How to file irs form 1040x All of your net capital gain is from selling collectibles, so the capital gain rate would be 28%. How to file irs form 1040x If you are otherwise subject to a rate lower than 28%, the 28% rate does not apply. How to file irs form 1040x Investment interest deducted. How to file irs form 1040x   If you claim a deduction for investment interest, you may have to reduce the amount of your net capital gain that is eligible for the capital gain tax rates. How to file irs form 1040x Reduce it by the amount of the net capital gain you choose to include in investment income when figuring the limit on your investment interest deduction. How to file irs form 1040x This is done on the Schedule D Tax Worksheet or the Qualified Dividends and Capital Gain Tax Worksheet. How to file irs form 1040x For more information about the limit on investment interest, see Interest Expenses in chapter 3 of Publication 550. How to file irs form 1040x Table 16-1. How to file irs form 1040x What Is Your Maximum Capital Gain Rate? IF your net capital gain is from . How to file irs form 1040x . How to file irs form 1040x . How to file irs form 1040x THEN your  maximum capital gain rate is . How to file irs form 1040x . How to file irs form 1040x . How to file irs form 1040x a collectibles gain 28% an eligible gain on qualified small business stock minus the section 1202 exclusion 28% an unrecaptured section 1250 gain 25% other gain1 and the regular tax rate that would apply is 39. How to file irs form 1040x 6% 20% other gain1 and the regular tax rate that would apply is 25%, 28%, 33%, or 35% 15% other gain1 and the regular tax rate that would apply is 10% or 15% 0% 1 Other gain means any gain that is not collectibles gain, gain on qualified small business stock, or unrecaptured section 1250 gain. How to file irs form 1040x     Collectibles gain or loss. How to file irs form 1040x   This is gain or loss from the sale or trade of a work of art, rug, antique, metal (such as gold, silver, and platinum bullion), gem, stamp, coin, or alcoholic beverage held more than 1 year. How to file irs form 1040x   Collectibles gain includes gain from sale of an interest in a partnership, S corporation, or trust due to unrealized appreciation of collectibles. How to file irs form 1040x Gain on qualified small business stock. How to file irs form 1040x    If you realized a gain from qualified small business stock that you held more than 5 years, you generally can exclude some or all of your gain under section 1202. How to file irs form 1040x The eligible gain minus your section 1202 exclusion is a 28% rate gain. How to file irs form 1040x See Gains on Qualified Small Business Stock in chapter 4 of Publication 550. How to file irs form 1040x Unrecaptured section 1250 gain. How to file irs form 1040x    Generally, this is any part of your capital gain from selling section 1250 property (real property) that is due to depreciation (but not more than your net section 1231 gain), reduced by any net loss in the 28% group. How to file irs form 1040x Use the Unrecaptured Section 1250 Gain Worksheet in the Schedule D (Form 1040) instructions to figure your unrecaptured section 1250 gain. How to file irs form 1040x For more information about section 1250 property and section 1231 gain, see chapter 3 of Publication 544. How to file irs form 1040x Tax computation using maximum capital gain rates. How to file irs form 1040x   Use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet (whichever applies) to figure your tax if you have qualified dividends or net capital gain. How to file irs form 1040x You have net capital gain if Schedule D (Form 1040), lines 15 and 16, are both gains. How to file irs form 1040x Schedule D Tax Worksheet. How to file irs form 1040x   Use the Schedule D Tax Worksheet in the Schedule D (Form 1040) instructions to figure your tax if: You have to file Schedule D (Form 1040); and Schedule D (Form 1040), line 18 (28% rate gain) or line 19 (unrecaptured section 1250 gain), is more than zero. How to file irs form 1040x Qualified Dividends and Capital Gain Tax Worksheet. How to file irs form 1040x   If you do not have to use the Schedule D Tax Worksheet (as explained above) and any of the following apply, use the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040 or Form 1040A (whichever you file) to figure your tax. How to file irs form 1040x You received qualified dividends. How to file irs form 1040x (See Qualified Dividends in chapter 8. How to file irs form 1040x ) You do not have to file Schedule D (Form 1040) and you received capital gain distributions. How to file irs form 1040x (See Exceptions to filing Form 8949 and Schedule D (Form 1040) , earlier. How to file irs form 1040x ) Schedule D (Form 1040), lines 15 and 16, are both more than zero. How to file irs form 1040x Alternative minimum tax. How to file irs form 1040x   These capital gain rates are also used in figuring alternative minimum tax. How to file irs form 1040x Prev  Up  Next   Home   More Online Publications
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Tax Relief for Victims of Severe Storms, Flooding, Mudslides and Landslides in West Virginia

Updated 4/20/2012 to include Lincoln and Mingo counties

WVA-2012-2, March 27, 2012

CHARLESTON — Victims of the severe storms, flooding, mudslides and landslides that began on March 15, 2012 in parts of West Virginia may qualify for tax relief from the Internal Revenue Service.

The President has declared Lincoln, Logan and Mingo counties a federal disaster area. Individuals who reside or have a business in this county may qualify for tax relief.

The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after March 15, and on or before May 31, have been postponed to May 31, 2012. This includes the April 17 deadline for filing 2011 individual income tax returns, making income tax payments and making 2011 contributions to an individual retirement account (IRA).  

In addition, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after March 15, and on or before March 30, as long as the deposits are made by March 30, 2012.

If an affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the telephone number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply. Penalties or interest will be abated only for taxpayers who have an original or extended filing, payment or deposit due date, including an extended filing or payment due date, that falls within the postponement period.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 866-562-5227 to request this tax relief.

Covered Disaster Area

The counties above constitute a covered disaster area for purposes of Treas. Reg. § 301.7508A-1(d)(2) and are entitled to the relief detailed below.

Affected Taxpayers

Taxpayers considered to be affected taxpayers eligible for the postponement of time to file returns, pay taxes and perform other time-sensitive acts are those taxpayers listed in Treas. Reg. § 301.7508A-1(d)(1), and include individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area and any individual visiting the covered disaster area who was killed or injured as a result of the disaster are entitled to relief.

Grant of Relief

Under section 7508A, the IRS gives affected taxpayers until May 31 to file most tax returns (including individual, corporate, and estate and trust income tax returns; partnership returns, S corporation returns, and trust returns; estate, gift, and generation-skipping transfer tax returns; and employment and certain excise tax returns), or to make tax payments, including estimated tax payments, that have either an original or extended due date occurring on or after March 15 and on or before May 31.

The IRS also gives affected taxpayers until May 31 to perform other time-sensitive actions described in Treas. Reg. § 301.7508A-1(c)(1) and Rev. Proc. 2007-56, 2007-34 I.R.B. 388 (Aug. 20, 2007), that are due to be performed on or after March 15 and on or before May 31.

This relief also includes the filing of Form 5500 series returns, in the manner described in section 8 of Rev. Proc. 2007-56. The relief described in section 17 of Rev. Proc. 2007-56, pertaining to like-kind exchanges of property, also applies to certain taxpayers who are not otherwise affected taxpayers and may include acts required to be performed before or after the period above.

The postponement of time to file and pay does not apply to information returns in the W-2, 1098, 1099 series, or to Forms 1042-S or 8027. Penalties for failure to timely file information returns can be waived under existing procedures for reasonable cause. Likewise, the postponement does not apply to employment and excise tax deposits. The IRS, however, will abate penalties for failure to make timely employment and excise tax deposits due on or after March 15 and on or before March 30 provided the taxpayer makes these deposits by March 30.

Casualty Losses

Affected taxpayers in a federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either this year or last year. Claiming the loss on an original or amended return for last year will get the taxpayer an earlier refund, but waiting to claim the loss on this year’s return could result in a greater tax saving, depending on other income factors.

Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684 and its instructions.

Affected taxpayers claiming the disaster loss on last year’s return should put the Disaster Designation “West Virginia/Severe Storms, Flooding, Mudslides, and Landslides” at the top of the form so that the IRS can expedite the processing of the refund.

Other Relief

The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers. Taxpayers should put the assigned Disaster Designation in red ink at the top of Form 4506, Request for Copy of Tax Return, or Form 4506-T, Request for Transcript of Tax Return, as appropriate, and submit it to the IRS.

Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.

Taxpayers may download forms and publications from the official IRS website, irs.gov, or order them by calling 800-TAX-FORM (800-829-3676). The IRS toll-free number for general tax questions is 800-829-1040.

Related Information

Page Last Reviewed or Updated: 06-Mar-2014

The How To File Irs Form 1040x

How to file irs form 1040x Index A Acknowledgment of contributions, Acknowledgment of Charitable Contributions of $250 or More Adverse determination, Adverse determination. How to file irs form 1040x Affordable Care Act Hospitals, What's New, New Requirements for section 501(c)(3) Hospitals Under the Affordable Care Act. How to file irs form 1040x Aged, home for, Home for the aged. How to file irs form 1040x Agricultural organization, Agricultural and Horticultural Organizations Airport, Other organizations. How to file irs form 1040x Alumni association, Alumni association. How to file irs form 1040x Amateur athletic organizations, Amateur Athletic Organizations Animals, prevention of cruelty to, Prevention of Cruelty to Children or Animals Appeal procedures, Appeal Procedures Application procedures, Application Procedures, Required Inclusions Bylaws, Bylaws. How to file irs form 1040x Conformed copy, Conformed copy. How to file irs form 1040x Description of activities, Description of activities. How to file irs form 1040x Employer identification number, Required Inclusions Financial data, Financial data. How to file irs form 1040x Organizing documents, Organizing documents. How to file irs form 1040x Aquatic resources, Agricultural and Horticultural Organizations Articles of organization, Articles of Organization Assistance (see Tax help) Athletic organization, Athletic organization. How to file irs form 1040x , Amateur Athletic Organizations Attorney's fees, Acceptance of attorneys' fees. How to file irs form 1040x Attribution, special rules, Special rules of attribution. How to file irs form 1040x B Black lung benefit trust, 501(c)(21) - Black Lung Benefit Trusts Board of trade, Board of trade. How to file irs form 1040x Bureau defined, Bureau defined. How to file irs form 1040x Burial benefit insurance, Burial and funeral benefit insurance organization. How to file irs form 1040x Business income, unrelated, Unrelated Business Income Tax Return Business league, 501(c)(6) - Business Leagues, etc. How to file irs form 1040x C Cemetery company, 501(c)(13) - Cemetery Companies Chamber of commerce, Chamber of commerce. How to file irs form 1040x Change in legal structure, Organizational Changes and Exempt Status Charitable contributions, Acknowledgment of Charitable Contributions of $250 or More, Contributions to 501(c)(3) Organizations Charitable organization, Section 501(c)(3) Organizations, Charitable Organizations Charitable risk pools, Charitable Risk Pools Child care organization, Child care organizations. How to file irs form 1040x Children, prevention of cruelty to, Prevention of Cruelty to Children or Animals Church, Churches. How to file irs form 1040x Integrated auxiliaries, Integrated auxiliaries. How to file irs form 1040x Civic leagues, 501(c)(4) - Civic Leagues and Social Welfare Organizations Clinic, Clinic. How to file irs form 1040x CO-OP Health Insurance Issuers, 501(c)(29) - CO-OP Health Insurance Issuers College bookstore, restaurant, College book stores, cafeterias, restaurants, etc. How to file irs form 1040x Comments, Comments and suggestions. How to file irs form 1040x Community association, Other organizations. How to file irs form 1040x Community nursing bureau, Community nursing bureau. How to file irs form 1040x Community trust, Community Trusts Contributions, charitable, Acknowledgment of Charitable Contributions of $250 or More, Contributions to 501(c)(3) Organizations Court appeals, Appeal to Courts Credit union, 501(c)(14) - Credit Unions and Other Mutual Financial Organizations D Determination letter, Rulings and Determination Letters Disclosures, required, Disclosure of Quid Pro Quo Contributions Dues used for lobbying, Dues Used for Lobbying or Political Activities Nondeductible contributions, Solicitation of Nondeductible Contributions Quid pro quo contributions, Disclosure of Quid Pro Quo Contributions Services available from government, Penalties. How to file irs form 1040x Dispositions of donated property, Donee Information Return Disqualified persons, Disqualified persons. How to file irs form 1040x Domestic fraternal society, Domestic Fraternal Societies (501(c)(10)) Donor advised funds Excess benefit transaction, Donor advised fund transactions occurring after August 17, 2006. How to file irs form 1040x Dues used for political or legislative activities, Dues Used for Lobbying or Political Activities, Deduction not allowed for dues used for political or legislative activities. How to file irs form 1040x E Educational organizations, Educational Organizations, Educational organizations. How to file irs form 1040x Employees' association, 501(c)(4), 501(c)(9), and 501(c)(17) - Employees' Associations Employment taxes, Employment Tax Returns Endowment fund, Endowment funds. How to file irs form 1040x Estimated tax, Estimated tax. How to file irs form 1040x Excess benefit transaction, Excess Benefit Transaction, Supporting organization transactions occurring after July 25, 2006. How to file irs form 1040x Disqualified person, Tax on Disqualified Persons, Disqualified Person Controlled entity, 35%, 35% controlled entity. How to file irs form 1040x Family members, Family members. How to file irs form 1040x Substantial influence, Persons not considered to have substantial influence. How to file irs form 1040x Disregarded benefits, Disregarded benefits. How to file irs form 1040x Donor advised funds, Donor advised fund transactions occurring after August 17, 2006. How to file irs form 1040x , Exception. How to file irs form 1040x Excise tax, Excise tax on excess benefit transactions. How to file irs form 1040x Initial contracts, Special Exception for Initial Contracts Reasonable compensation, Reasonable Compensation. How to file irs form 1040x Rebuttable presumption, Rebuttable presumption that a transaction is not an excess benefit transaction. How to file irs form 1040x Excise tax Black lung benefit trust, Excise taxes. How to file irs form 1040x Lobbying expenditures, Tax on excess expenditures to influence legislation. How to file irs form 1040x , Tax on disqualifying lobbying expenditures. How to file irs form 1040x Political expenditures, Excise taxes on political expenditures. How to file irs form 1040x Private foundations, Excise taxes on private foundations. How to file irs form 1040x , Excise Taxes on Private Foundations Exempt function, Political Organization Income Tax Return Exempt purposes, Section 501(c)(3) Organizations Exemption for terrorist organization, Non-exemption for terrorist organizations. How to file irs form 1040x Extensions of time, Extensions of time for filing. How to file irs form 1040x F Facts and circumstances test, Facts and circumstances test. How to file irs form 1040x Fair market value, estimate of, Good faith estimate of fair market value (FMV). How to file irs form 1040x Filing requirements, Annual Information Returns Annual information returns, Annual Information Returns Donee information return, Donee Information Return Due date, Political Organization Income Tax Return Employment tax, Employment Tax Returns Excise tax, Excise taxes on private foundations. How to file irs form 1040x , Excise Taxes on Private Foundations Political organization, Political Organization Income Tax Return Private foundations, Form 990-PF Unrelated business income, Unrelated Business Income Tax Return Form 990-N, Annual Electronic Filing Requirement for Small Tax-Exempt Organizations Forms, Forms Required 1023, Forms Required, Administrative Remedies, 270-day period. How to file irs form 1040x , Information required for subordinate organizations. How to file irs form 1040x , Annual Information Return, Form 1023. How to file irs form 1040x , Organizations Not Required To File Form 1023, Private Schools, When to file application. How to file irs form 1040x , Lobbying Expenditures, Volunteer fire companies. How to file irs form 1040x 1024, Forms Required, Application made under wrong paragraph of section 501(c). How to file irs form 1040x , Annual Information Return, 501(c)(4) - Civic Leagues and Social Welfare Organizations, 501(c)(6) - Business Leagues, etc. How to file irs form 1040x , 501(c)(7) - Social and Recreation Clubs, 501(c)(8) and 501(c)(10) - Fraternal Beneficiary Societies and Domestic Fraternal Societies, Fraternal Beneficiary Societies (501(c)(8)), Domestic Fraternal Societies (501(c)(10)), Local Employees' Associations (501(c)(4)), Voluntary Employees' Beneficiary Associations (501(c)(9)), Supplemental Unemployment Benefit Trusts (501(c)(17)), 501(c)(13) - Cemetery Companies, 501(c)(19) - Veterans' Organizations, 501(c)(20) - Group Legal Services Plan Organizations, 501(c)(2) - Title-Holding Corporations for Single Parent Corporations, 501(c)(25) - Title-Holding Corporations or Trusts for Multiple Parent Corporations 1040, Effect on employees. How to file irs form 1040x 1065, Annual Information Returns 1120–POL, Political Organization Income Tax Return 1128, Central organizations. How to file irs form 1040x 2848, Power of attorney. How to file irs form 1040x , Representation. How to file irs form 1040x 4720, Tax on excess expenditures to influence legislation. How to file irs form 1040x 5578, Certification. How to file irs form 1040x 5768, Making the election. How to file irs form 1040x 6069, Tax treatment of donations. How to file irs form 1040x 8274, FICA tax exemption election. How to file irs form 1040x 8282, Dispositions of donated property. How to file irs form 1040x 8283, Form 8283. How to file irs form 1040x 8300, Report of Cash Received 8718, Forms Required, Power of attorney. How to file irs form 1040x 8821, Representation. How to file irs form 1040x 8871, Reporting Requirements for a Political Organization, Annual Information Return 8872, Reporting Requirements for a Political Organization, Annual Information Return 990, Keeping the Group Exemption Letter in Force, Forms 990 and 990-EZ, Annual Information Return, Making the election. How to file irs form 1040x 990-BL, Annual Information Returns, 990-EZ, Forms 990 and 990-EZ, Form 990-EZ. How to file irs form 1040x 990-PF, Form 990-PF, Excise taxes on private foundations. How to file irs form 1040x , Excise Taxes on Private Foundations 990-T, Unrelated Business Income Tax Return SS-4, Required Inclusions, Employer identification number. How to file irs form 1040x W–2, Revoking the election. How to file irs form 1040x Fraternal beneficiary society, Fraternal Beneficiary Societies (501(c)(8)) Fraternal societies, Organizations subject to requirements. How to file irs form 1040x , 501(c)(8) and 501(c)(10) - Fraternal Beneficiary Societies and Domestic Fraternal Societies Free tax services, Free help with your tax return. How to file irs form 1040x Funeral benefit insurance, Burial and funeral benefit insurance organization. How to file irs form 1040x G Gifts and contributions, public charity, Gifts, contributions, and grants distinguished from gross receipts. How to file irs form 1040x Good faith determinations, What's New, New organization. How to file irs form 1040x Governmental unit, Governmental units. How to file irs form 1040x Grant Distinguished from gross receipts, Grants. How to file irs form 1040x Exclusion for unusual grant, Unusual grants. How to file irs form 1040x , Unusual grants. How to file irs form 1040x From public charity, Grants from public charities. How to file irs form 1040x , Grants from public charities. How to file irs form 1040x Grantor and contributor, reliance on ruling, Reliance by grantors and contributors. How to file irs form 1040x Gross receipts from nonmembership sources, Gross receipts from nonmembership sources. How to file irs form 1040x Group exemption letter, Group Exemption Letter H Health coverage organization, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations Help (see Tax help) High-risk health coverage organization, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations Home for the aged, Home for the aged. How to file irs form 1040x Homeowners' association, Homeowners' associations. How to file irs form 1040x Horticultural organization, Agricultural and Horticultural Organizations Hospital, Hospital. How to file irs form 1040x , Hospitals and medical research organizations. How to file irs form 1040x I Inactive organization, Organizational Changes and Exempt Status Industrial development, Other organizations. How to file irs form 1040x Instrumentalities, Instrumentalities. How to file irs form 1040x Insurance, organizations providing, Organizations Providing Insurance L Labor organization, Organizations subject to requirements. How to file irs form 1040x , Labor Organizations Law, public interest, Public-interest law firms. How to file irs form 1040x Legislative activity, Lobbying Expenditures, Legislative activity. How to file irs form 1040x Listed transaction, Prohibited tax shelter transaction. How to file irs form 1040x Literary organizations, Literary Organizations Loans, organizations providing, Organization providing loans. How to file irs form 1040x Lobbying expenditures, Lobbying Expenditures Local benevolent life insurance associations, Local Life Insurance Associations Local employees' association, Local Employees' Associations (501(c)(4)) Lodge system, Lodge system. How to file irs form 1040x M Medical research organization, Medical research organization. How to file irs form 1040x Medicare and Medicaid payments, Medicare and Medicaid payments. How to file irs form 1040x Membership fee, Membership fees. How to file irs form 1040x , Membership fees distinguished from gross receipts. How to file irs form 1040x Modification of exemption, Revocation or Modification of Exemption Mutual financial organization, 501(c)(14) - Credit Unions and Other Mutual Financial Organizations Mutual or cooperative association, Mutual or Cooperative Associations N Nursing bureau, Community nursing bureau. How to file irs form 1040x O One-third support test, One-third support test. How to file irs form 1040x Organization assets, Dedication and Distribution of Assets Dedication, Dedication. How to file irs form 1040x Distribution, Distribution. How to file irs form 1040x Organizational changes, Organizational Changes and Exempt Status P Penalties, Penalties for failure to file. How to file irs form 1040x Failure to allow public inspection, Penalties Failure to disclose, Penalty for failure to disclose. How to file irs form 1040x , Penalties. How to file irs form 1040x , Penalty. How to file irs form 1040x Failure to file, Penalties for failure to file. How to file irs form 1040x Perpetual care organization, Perpetual care organization. How to file irs form 1040x Political activity, Dues Used for Lobbying or Political Activities, Political activity. How to file irs form 1040x , Political activity. How to file irs form 1040x Political organization Income tax return, Political Organization Income Tax Return Taxable income, Political Organization Income Tax Return Power of attorney, Power of attorney. How to file irs form 1040x Preferred stock, Common and preferred stock. How to file irs form 1040x Prevention of cruelty to children or animals, Prevention of Cruelty to Children or Animals Private delivery service, Private delivery service. How to file irs form 1040x Private foundations, Private Foundations Private operating foundation, Private Operating Foundations Private school, Private Schools, Racially Nondiscriminatory Policy Prohibited tax shelter transactions Entity managers, Entity manager. How to file irs form 1040x Entity managers excise tax, Manager Level Tax Listed transaction, Prohibited tax shelter transaction. How to file irs form 1040x Prohibited reportable transactions, Prohibited tax shelter transaction. How to file irs form 1040x Subsequently listed transaction, Subsequently listed transaction. How to file irs form 1040x Tax-exempt entities, Tax-exempt entities. How to file irs form 1040x Public charity Gifts and contributions, Gifts, contributions, and grants distinguished from gross receipts. How to file irs form 1040x Grant from, Grants from public charities. How to file irs form 1040x Section 509(a)(1), Section 509(a)(1) Organizations Section 509(a)(2), Section 509(a)(2) Organizations Section 509(a)(3), Section 509(a)(3) Organizations Section 509(a)(4), Section 509(a)(4) Organizations Support test, One-third support test. How to file irs form 1040x , One-third support test. How to file irs form 1040x Public inspection Annual return, Annual Information Return Exemption applications, Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting Forms Forms 8871 and 8872, Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting Forms Public-interest law firm, Public-interest law firms. How to file irs form 1040x Publications (see Tax help) Publicly supported organization, Publicly supported organizations. How to file irs form 1040x , Qualifying as Publicly Supported Attraction of public support, Attraction of public support requirement. How to file irs form 1040x Ten-percent-of-support, Ten-percent-of-support requirement. How to file irs form 1040x R Racial composition, How to determine racial composition. How to file irs form 1040x Racially nondiscriminatory policy, Racially Nondiscriminatory Policy Real estate board, Real estate board. How to file irs form 1040x Recognition of exemption, application, Application for Recognition of Exemption Religious organizations, Religious Organizations Requests other than applications, Miscellaneous Procedures Responsiveness test, Responsiveness test. How to file irs form 1040x Revocation of exemption, Revocation or Modification of Exemption Ruling letter, Rulings and Determination Letters S Scholarship Private school, Scholarship and loan programs. How to file irs form 1040x Scholarships, Scholarships. How to file irs form 1040x School, private, Private Schools Scientific organizations, Scientific Organizations Section 501(c)(3) organizations Amateur athletic, Amateur Athletic Organizations Literary, Literary Organizations Prevention of cruelty, Prevention of Cruelty to Children or Animals Private foundations, Private Foundations and Public Charities Public charities, Public Charities Qualifications, Section 501(c)(3) Organizations Religious, Religious Organizations Scientific, Scientific Organizations Section 501(c)(3) Organizations Charitable, Charitable Organizations Educational, Educational Organizations and Private Schools Single entity, Single entity. How to file irs form 1040x Social clubs, Organizations subject to requirements. How to file irs form 1040x , 501(c)(7) - Social and Recreation Clubs Social welfare organization, Organizations subject to requirements. How to file irs form 1040x , 501(c)(4) - Civic Leagues and Social Welfare Organizations Specified organizations, Specified organizations. How to file irs form 1040x Sports organization, amateur, Qualified amateur sports organization. How to file irs form 1040x State-sponsored, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations High-risk health coverage organization, 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations Workers' compensation reinsurance organization, 501(c)(27) - Qualified State-Sponsored Workers' Compensation Organizations Stock or commodity exchange, Stock or commodity exchange. How to file irs form 1040x Suggestions, Comments and suggestions. How to file irs form 1040x Supplemental unemployment benefit trust, Supplemental Unemployment Benefit Trusts (501(c)(17)) Support, Support. How to file irs form 1040x , Support from a governmental unit. How to file irs form 1040x , Support from the general public. How to file irs form 1040x Support test, One-third support test. How to file irs form 1040x Facts and circumstances, Facts and circumstances test. How to file irs form 1040x One-third, One-third support test. How to file irs form 1040x Public charity, One-third support test. How to file irs form 1040x Supporting organization, Supporting organization transactions occurring after July 25, 2006. How to file irs form 1040x T Tax help, Technical advice, Appeals Office Consideration Testing for public safety, Section 509(a)(4) Organizations Title-holding corporation, 501(c)(2) - Title-Holding Corporations for Single Parent Corporations U Unemployment benefit trust, Supplemental Unemployment Benefit Trusts (501(c)(17)) Unrelated business income, Unrelated Business Income Tax Return Unusual grants, Unusual grants. How to file irs form 1040x , Unusual grants. How to file irs form 1040x User fee, Power of attorney. How to file irs form 1040x , User fee. How to file irs form 1040x V Veterans' organization, 501(c)(19) - Veterans' Organizations Voluntary employees' beneficiary association, Voluntary Employees' Beneficiary Associations (501(c)(9)) Volunteer fire company, Volunteer fire companies. How to file irs form 1040x W War veterans' organization, 501(c)(19) - Veterans' Organizations Withdrawal of application, Withdrawal of application. How to file irs form 1040x Withholding information from public, Requests for withholding of information from the public. How to file irs form 1040x Work Opportunity Tax Credit, Expanded Work Opportunity Tax Credit Available for Hiring Qualified Veterans. How to file irs form 1040x Workers' compensation reinsurance organization, 501(c)(27) - Qualified State-Sponsored Workers' Compensation Organizations Prev  Up     Home   More Online Publications