Most of California, as well as parts of Alabama and Georgia, received tax filing and payment relief.
The IRS announced on February 24 that the deadline for filing various federal individual and business tax returns as well as making tax payments has been extended to October 16. This applies to most of California, as well as portions of Alabama and Georgia. For these areas, the deadline has already been pushed back to May 15.
The Federal Emergency Management Agency (FEMA) has designated areas in these three states where the IRS is providing relief. Four FEMA declarations, each with distinct start dates and details, qualify for assistance in response to these various disasters. The current list of eligible localities, as well as other details for each disaster, can be seen on the IRS.gov Tax Relief in Disaster Situations page.
The additional relief pushes back a number of tax deadlines. Including those for the majority of calendar-year 2022 individual and business returns, until October 16. This includes the following:
- Individual income tax returns, which were initially due on Apr 18, 2023.
- Various business returns, which were typically due on March 15 and April 18, and tax-exempt organization returns, which were typically due on May 15.
- This includes, but is not limit to, extending the deadline for eligible taxpayers to make contributions to their IRAs and health savings accounts for 2022 until October 16.
Additionally, farmers who typically file their returns by the first of March but elect to forgo estimated tax payments will now have until the sixteenth of October to do so, along with paying any taxes owed.
The estimated tax payment for the fourth quarter of 2022, which was initially due on Jan. 17, is also subject to the Oct. 16 deadline. Thus, taxpayers can choose to forgo making this payment and instead include it with their 2022 tax return. Which must submit by October 16 at the latest.
The estimated tax payments for 2023, which are typically due on April 18, June 15, and September 15, are also subject to the Oct. 16 deadline. It also applies to quarterly payroll and excise tax returns, which are normally due on January31, April30, and July31.
Information on additional returns, payments, and tax-related actions that qualify for the extent deadline can be found on the Disaster Assistance and Emergency Relief for Individuals and Businesses page. Taxpayers in the impacted areas are eligible for an extension without filing any paperwork or phone call to the IRS.
Any taxpayer with a record IRS address in the disaster area is automatically grant filing and penalty relief by IRS. As a result, taxpayers are not require contacting 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.
Furthermore, the IRS will work with taxpayers who live outside the disaster area. But whose records required to meet a deadline happening during the postponement period are located in the affected area. Taxpayers who qualify for relief but do not live in the disaster area should contact the IRS at (866) 562-5227. Workers assisting with relief efforts who are affiliate with a recognized government or philanthropic organization are also including.
People and businesses who suffered uninsured or unreimbursed disaster-related losses in an area that has been declare a disaster by the federal government. May choose to claim them on either the return for the year the loss occurred or the return for the year prior. For more information, see Publication 547, Casualties, Disasters, and Thefts.
The tax relief is based on FEMA’s local damage assessments. It is a part of coordinated federal response to the damage brought on by these storms. Visit DisasterAssistance.gov for more information on disaster recovery.
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The IRS has extended the tax deadline in three ...
[…] Most of California, as well as parts of Alabama and Georgia, received tax filing and payment relief. The IRS announced on February 24 that the deadline for filing various federal individual and business tax returns as well as makin […]