On September 29, 2022, the IRS issued news release 2022-168 regarding Hurricane Ian. This release extends all tax return filing and tax payment deadlines starting on September 22, 2022 for individuals and business located in any area designated by the Federal Emergency Management Agency (FEMA), until February 15, 2023. As of this date, all counties in the state of Florida qualify.
The February 15, 2023 deadline applies to:
- Individuals with a valid extension to file their 2021 return due to run out on October 17, 2022 (tax payments related to these 2021 returns due on April 18, 2022, are not eligible for this relief)
- The quarterly estimated tax payments normally due on January 17, 2023
- The quarterly payroll and excise tax returns normally due on October 31, 2022, and January 31, 2023
- Businesses with an original or extended due date, including calendar-year corporations with 2021 extensions due to run out on October 17, 2022
- Tax-exempt organizations, including for 2021 calendar-year returns with extensions due to run out on November 15, 2022
Penalties on payroll and excise tax deposits due on or after September 23, 2022, and before October 10, 2022, will be abated as long as the tax deposits are made by October 10, 2022.
Any taxpayers living outside the disaster area but with records necessary to meet a deadline occurring during the postponement period located in the affected area need to contact the IRS at 866-562-5227.
As stated above, this relief is available to “any area designated by FEMA” meaning a designated disaster area. While not officially declared as of this date, it can be expected that some counties in the states of South Carolina, Georgia and North Carolina may be qualify for relief as well.
BKC will update our website accordingly as announcements are made.
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