Hurricane Ian victims in Florida now have until February 15, 2023, to file and pay various federal individual and business tax returns.
The Internal Revenue Service (IRS) announced that the deadline for filing various federal individual and business tax returns and making tax payments has been extended to February 15, 2023, for Hurricane Ian victims throughout Florida.
Any area that the Federal Emergency Management Agency designates (FEMA) will receive assistance from the IRS. This implies that all people and households who live or conduct business within the state of Florida are eligible for tax relief. On the disaster relief page of IRS.gov, you can always find the most recent list of eligible regions.
The tax relief delays a number of deadlines for filing and paying taxes that were set to begin on September 23, 2022. Therefore, impacted individuals and businesses have until February 15, 2023, to file returns and make any tax payments that were initially due during this period.
Individuals who were granted a valid extension to file their 2021 tax return which was set to expire on October 17, 2022, have now until February 15, 2023, to file. The IRS did point out that these tax payments are ineligible for this relief since they were due on April 18, 2022, in relation to these 2021 returns.
The quarterly projected income tax payments due on January 17, 2023, as well as the payroll and excise tax returns that are usually due on October 31, 2022, and January 31, 2023, are also subject to the deadline of February 15, 2023. Businesses with an original or extended due date have the extra time as well, including calendar-year corporations for whom the 2021 extensions expire on October 17, 2022. Likewise, tax-exempt organizations have more time, including for 2021 calendar-year returns, with extensions expiring on November 15, 2022.
Additionally, if deposits are made by October 10, 2022, penalties on payroll and excise tax deposits that are due on or after September 23, 2022, but before that date will be waived.
Other returns, payments, and tax-related actions that qualify for the extra time are detailed on the Disaster Assistance and Emergency Relief for Individuals and Businesses page.
Any taxpayer with an IRS address of record in the disaster area receives automatic filing and penalty relief. As a result, taxpayers are not required to contact the agency in order to obtain this relief. However, if a concerned taxpayer receives a notice from the IRS about a late filing or late payment penalty with an original or extended filing, payment, or deposit due date that falls within the postponement period, the taxpayer should contact the IRS at the number on the notice to have the penalty waived.
The IRS will also work with any taxpayer whose records are in the disaster area but whose records are required to meet a deadline that falls during the postponement period. Taxpayers who qualify for relief but live outside the disaster area should call the IRS at 866-562-5227. Workers assisting with relief efforts who are affiliated with a recognized government or philanthropic organization are also included.
Uninsured or unreimbursed disaster-related losses may be claimed on either the return during the year the loss occurred (in this case, the 2022 return typically filed next year) or the return for the prior year (2021) by individuals and businesses in a federally proclaimed disaster area. On any return claiming a loss include the FEMA declaration number – DR-4673-FL. For more information, see Publication 547.
The tax relief is part of the coordinated federal response to Hurricane Ian’s damage and is based on FEMA’s local damage assessments. Visit DisasterAssistance.gov for more information on disaster recovery.
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