IR-2022-168, September 29, 2022
WASHINGTON — Hurricane Ian victims all through Florida now have till February 15, 2023, to file numerous federal particular person and enterprise tax returns and make tax funds, the Inner Income Service introduced immediately.
The IRS is providing reduction to any space designated by the Federal Emergency Management Agency (FEMA). Which means people and households that reside or have a enterprise wherever within the state of Florida qualify for tax reduction. The present listing of eligible localities is all the time accessible on the disaster relief web page on IRS.gov.
The tax reduction postpones numerous tax submitting and cost deadlines that occurred beginning on September 23, 2022. Because of this, affected people and companies can have till February 15, 2023, to file returns and pay any taxes that had been initially due throughout this era.
This implies people who had a sound extension to file their 2021 return as a result of run out on October 17, 2022, will now have till February 15, 2023, to file. The IRS famous, nevertheless, that as a result of tax funds associated to those 2021 returns had been due on April 18, 2022, these funds are usually not eligible for this reduction.
The February 15, 2023, deadline additionally applies to quarterly estimated revenue tax funds due on January 17, 2023, and the quarterly payroll and excise tax returns usually due on October 31, 2022, and January 31, 2023. Companies with an unique or prolonged due date even have the extra time together with, amongst others, calendar-year firms whose 2021 extensions run out on October 17, 2022. Equally, tax-exempt organizations even have the extra time, together with for 2021 calendar-year returns with extensions as a result of run out on November 15, 2022.
As well as, penalties on payroll and excise tax deposits due on or after September 23, 2022, and earlier than October 10, 2022, shall be abated so long as the deposits are made by October 10, 2022.
The Disaster Assistance and Emergency Relief for Individuals and Businesses web page has particulars on different returns, funds and tax-related actions qualifying for the extra time.
The IRS mechanically gives submitting and penalty reduction to any taxpayer with an IRS tackle of document positioned within the catastrophe space. Subsequently, taxpayers don’t have to contact the company to get this reduction. Nonetheless, if an affected taxpayer receives a late submitting or late cost penalty discover from the IRS that has an unique or prolonged submitting, cost or deposit due date falling throughout the postponement interval, the taxpayer ought to name the quantity on the discover to have the penalty abated.
As well as, the IRS will work with any taxpayer who lives exterior the catastrophe space however whose data mandatory to fulfill a deadline occurring throughout the postponement interval are positioned within the affected space. Taxpayers qualifying for reduction who stay exterior the catastrophe space have to contact the IRS at 866-562-5227. This additionally consists of employees helping the reduction actions who’re affiliated with a acknowledged authorities or philanthropic group.
People and companies in a federally declared catastrophe space who suffered uninsured or unreimbursed disaster-related losses can select to assert them on both the return for the yr the loss occurred (on this occasion, the 2022 return usually filed subsequent yr), or the return for the prior yr (2021). Make sure you write the FEMA declaration quantity – DR-4673-FL − on any return claiming a loss. See Publication 547 for particulars.
The tax reduction is a part of a coordinated federal response to the harm attributable to Hurricane Ian and relies on native harm assessments by FEMA. For data on catastrophe restoration, go to DisasterAssistance.gov.