Tax Tip 2023-69: Emergency preparedness plans should include financial records and tax information
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Issue Number: Tax Tip 2023-69
Emergency preparedness plans should include financial records and tax information
People should put together an emergency preparedness plan for their household – and include copies of their vital records and financial information. By creating an emergency preparedness plan and updating it annually, people will be able to start the recovery process faster if they’re affected by a disaster or other emergency.
Here are some things taxpayers can do to help protect their financial records.
Update emergency preparedness plan annually
Create electronic copies of documents
Understand tax relief available for disaster situations
Taxpayers who live in a federally declared disaster area can visit Around the Nation on IRS.gov and click on their state to review the available disaster tax relief. Those who live in counties qualifying for disaster relief receive automatic filing and payment postponements for many currently due tax returns and don’t need to contact the agency to get relief.
People with disaster-related questions can call the IRS Special Services Hotline at 866-562-5227 to speak with an IRS specialist trained to handle disaster issues.
If people have lost their tax documents, they can order tax transcripts or request copies of previously filed tax returns and attachments through Get Transcript on IRS.gov, by filing Form 4506 or by calling 800-908-9946.
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