This text is revealed with permission of our companion IRS and initially appeared on the IRS weblog at: https://www.irs.gov/newsroom/irs-hurricane-ian-victims-in-florida-qualify-for-tax-relief – 17.10.-deadline-other-dates-extended-until-15.feb
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WASHINGTON – Victims of Hurricane Ian throughout Florida now have till February 15, 2023 to file varied federal revenue tax returns for people and companies and make tax funds, the Inner Income Service introduced at this time.
The IRS presents aid for all areas designated by the Federal Emergency Administration Company (FEMA). Which means that people and households residing or having a enterprise wherever within the state of Florida are eligible for tax breaks. The present checklist of eligible areas is at all times obtainable on the Catastrophe Help web page on IRS.gov.
The tax aid postpones varied tax return and cost deadlines that got here into impact on September 23, 2022. In consequence, affected people and companies have till February 15, 2023 to file returns and pay any taxes initially due throughout that interval.
Which means that people who had a sound extension to file their 2021 tax returns, which expires on October 17, 2022, now have till February 15, 2023 to file them. Nonetheless, the IRS decided that tax funds associated to those 2021 tax returns had been due on April 18, 2022 and people funds don’t qualify for this exemption.
The February 15, 2023 deadline additionally applies to quarterly estimated revenue tax funds due on January 17, 2023 and the quarterly payroll and use tax returns usually due on October 31, 2022 and January 31, 2023. Firms with an unique or prolonged due date even have the extra time, together with however not restricted to calendar-year entities whose 2021 extensions expire on October 17, 2022. Likewise, tax-exempt organizations have the extra time, together with for 2021 calendar yr returns with renewals on account of expire on November 15, 2022.
As well as, penalties on payroll and excise deposits due on or after September 23, 2022 and earlier than October 11, 2022 are lowered so long as the deposits are paid by October 11, 2022.
The Catastrophe Reduction and Emergency Reduction for People and Companies web page offers particulars of different returns, funds, and tax actions which are eligible for the extra time.
The IRS mechanically makes submitting and penalty aid obtainable to any taxpayer with an IRS file deal with within the catastrophe space. Subsequently, taxpayers should not have to contact the company to get this aid. Nonetheless, if an affected taxpayer receives a late submitting or late cost discover from the IRS whose unique or prolonged submitting, cost, or submitting date falls inside the deferral interval, the taxpayer ought to name the quantity on the discover to have the penalty relaxed.
As well as, the IRS will work with any taxpayer who lives exterior the catastrophe space however whose information are retained within the affected space for a deadline that happens through the deferral interval. Taxpayers who’re eligible for aid and stay exterior the catastrophe space should contact the IRS at 866-562-5227. This contains workers who assist aid efforts and are affiliated with a acknowledged authorities or philanthropic group.
People and companies in a federally declared catastrophe space which have suffered uninsured or unrecoverable catastrophe-related losses can declare them on both the declaration for the yr by which the injury occurred (on this case, the declaration for 2022), or when returning for the earlier yr (2021). Make sure you embrace the FEMA declaration quantity – DR-4673-FL − on any return claiming loss. See publication 547 for particulars.
The tax aid is a part of a coordinated federal response to the injury attributable to Hurricane Ian and relies on native injury estimates from FEMA. For catastrophe restoration info, see DisasterAssistance.gov.