Hurricane Ian victims all through Florida now have till Feb. 15 to file numerous federal particular person and enterprise tax returns and make tax funds.
The IRS is providing aid to any space designated by the Federal Emergency Administration Company, which signifies that people and households that reside or have a enterprise anyplace in Florida qualify for the aid. (The present record of eligible localities is all the time obtainable on the catastrophe aid web page.)
The aid postpones numerous tax submitting and fee deadlines that occurred beginning on Sept. 23. Affected people and companies can have till Feb. 15, 2023, to file returns and pay any taxes that had been initially due throughout this era. People who had a sound extension to file their 2021 return as a consequence of run out on Oct. 17 will even now have till Feb. 15 to file. As a result of tax funds associated to those 2021 returns had been due on April 18, 2022, these funds are ineligible for this aid.
The February deadline additionally applies to quarterly estimated earnings tax funds due on Jan. 17 and to quarterly payroll and excise tax returns usually due on Oct. 31, 2022, and Jan. 31, 2023. Companies with an authentic or prolonged due date even have the extra time together with, amongst others, calendar-year companies with 2021 extensions that run out on Oct. 17. Tax-exempt organizations even have the extra time, together with for 2021 calendar-year returns with extensions as a consequence of run out on Nov. 15.
The aftermath of Hurricane Ian
Eva Marie Uzcategui/Bloomberg
Penalties on payroll and excise tax deposits due on or after Sept. 23 and earlier than Oct. 10 will likely be abated so long as the deposits are made by Oct. 10.
The IRS catastrophe aid web page has particulars on different returns, funds and tax-related actions qualifying for the extra time.
The service mechanically supplies submitting and penalty aid to any taxpayer with an IRS deal with of report positioned within the catastrophe space. An affected taxpayer who receives a late-filing or late-payment penalty discover from the IRS that has an authentic or prolonged submitting, fee or deposit due date falling inside the postponement interval ought to name the quantity on the discover to have the penalty abated.
The IRS will work with any taxpayer who lives exterior the catastrophe space however whose data mandatory to satisfy a deadline occurring throughout the postponement interval are within the affected space. Taxpayers qualifying for aid who stay exterior the catastrophe space must contact the IRS at (866) 562-5227. This additionally contains employees helping the aid 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 say them on both the return for the yr the loss occurred or the return for the prior yr. Write the FEMA declaration quantity — DR-4673-FL — on any return claiming a loss.