Instructions For Form 4684 - Casualties And Thefts - 2016 Page 8
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8if you want to revoke a previous election to
sustained in the disaster year and reported
The time needed to complete and file this
deduct a federally declared disaster loss in
on your tax return for the preceding tax year.
form will vary depending on individual
the tax year immediately preceding the
Attach Form 4684 to an amended return for
circumstances. The estimated burden for
disaster year.
the preceding year which eliminates the
individual taxpayers filing this form is
previous disaster loss deduction. You must
approved under OMB control number
file this amended return for the preceding
1545-0074 and is included in the estimates
Part I—Election Statement
year on or before the date you file the original
shown in the instructions for their individual
Fill out Part I if you want to make an election
return or amended return for the disaster
income tax return. The estimated burden for
to deduct a loss attributable to a federally
year on which you claim the disaster loss.
all other taxpayers who file this form is
declared disaster that occurred in a federally
shown below.
declared disaster area and was sustained in
You can revoke the prior election on or
the disaster year on your return for the
Recordkeeping
2 hr., 37 min.
before the date that is 90 days after the due
. . . . . .
preceding tax year. By making this election,
date for making the election.
Learning about the
you agree not to deduct the loss for the
law or the form
43 min.
disaster year.
. . . . . .
Paperwork Reduction Act Notice. We ask
for the information on this form to carry out
Preparing the form
1 hr., 34 min.
. . .
Attach Form 4684 to an original return or
the Internal Revenue laws of the United
amended return for the preceding tax year
Copying, assembling,
States. You are required to give us the
which takes advantage of the disaster loss
information. We need it to ensure that you
and sending the form
deduction.
are complying with these laws and to allow
to the IRS
48 min.
. . . . . . . . . .
us to figure and collect the right amount of
You must make this election on or before
tax.
the date that is six months after the regular
due date for filing your original return (without
You aren't required to provide the
If you have comments concerning the
extensions) for the disaster year.
information requested on a form that is
accuracy of these time estimates or
subject to the Paperwork Reduction Act
suggestions for making this form simpler, we
unless the form displays a valid OMB control
Part II—Revocation of Prior
would be happy to hear from you. See the
number. Books or records relating to a form
instructions for the tax return with which this
Election
or its instructions must be retained as long as
form is filed.
Fill out Part II if you want to revoke a prior
their contents may become material in the
election to deduct a loss attributable to a
administration of any Internal Revenue law.
federally declared disaster that occurred in a
Generally, tax returns and return information
federally declared disaster area and was
are confidential, as required by section 6103.
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