FORT MYERS FLORIDA – SEPTEMBER 29: Boats are pushed uphill on a causeway after Hurricane Ian passes … [+]
The IRS has given Hurricane Ian victims throughout Florida until February 15, 2023 to file several federal individual and corporate tax returns and make tax payments. The IRS provides assistance to any area designated by the Federal Emergency Management Agency (FEMA). This means that individuals and households residing or operating a business anywhere in the state of Florida are eligible for tax relief. The current list of eligible places is always available on the disaster relief page on IRS.gov.
The tax relief postpones several tax filing and payment deadlines that occurred from September 23, 2022. As a result, affected individuals and businesses have until February 15, 2023 to file returns and pay all taxes originally due during this time. period of time. This means that individuals who had a valid extension to file their 2021 return, which expires on October 17, 2022, now have until February 15, 2023 to file their return. However, the IRS noted that because tax payments related to these 2021 returns were due on April 18, 2022, those payments do not qualify for this exemption.
The February 15, 2023 deadline also applies to quarterly estimated income tax payments due on January 17, 2023, and the quarterly payroll and tax returns normally due on October 31, 2022 and January 31, 2023. an original or extended expiration date also has the additional time, including, but not limited to, calendar year companies whose renewals for 2021 expire on October 17, 2022. Likewise, tax-exempt organizations also have the extra time, also for the calendar year 2021 returns with renewals expiring on November 15, 2022.
In addition, penalties on payroll taxes and excise deposits due on or after September 23, 2022 and before October 10, 2022 will be abolished as long as the deposits are made before October 10, 2022. IRS emergency response page provides details about other returns, payments, and tax-related actions that qualify for the extra time.
The IRS provides automatic tax return and penalty relief to any taxpayer with a registered IRS address in the disaster area. Therefore, taxpayers do not need to contact the agency to get this exemption. However, if an affected taxpayer receives a late filing or late payment penalty from the IRS with an original or extended filing, payment, or down payment date that falls within the deferral period, the taxpayer must call the number on the notice to collect the penalty. get declined.
In addition, the IRS will work with any taxpayer who lives outside the disaster area but whose data necessary to meet a deadline that occurs during the deferral period is in the affected area. Eligible taxpayers living outside the disaster area should contact the IRS at 866-562-5227. This includes employees who support the relief activities and who are affiliated with a recognized government or philanthropic organization.
Individuals and businesses in a federally declared disaster area who have incurred uninsured or unreimbursed disaster-related losses may choose to claim them on the return for the year in which the damage occurred (in this case, the 2022 return that normally follows year is filed), or the declaration for the previous year (2021). Be sure to write the FEMA Declaration Number – DR-4673-FL on any declaration claiming a loss. To see publication 547 for details. The tax relief is part of a coordinated federal response to the damage caused by Hurricane Ian and is based on local damage assessments by FEMA. For disaster recovery information, go to: disaster relief.gov
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