Damage from landslides, mudslides, severe storms, and other natural disasters has caused the IRS to once again postpone the tax filing and payment deadlines in parts of three states. The new deadline for taxpayers in most of California and parts of Alabama and Georgia is Oct. 16, extended from the previously announced deadline of May 15, the IRS said in a news release Friday.
Four declarations by the Federal Emergency Management Agency (FEMA) are involved, the IRS said. The eligible localities and other details for each disaster are available in three IRS releases: CA-2023-02, AL-2023-01, and GA-2023-01.
The postponement includes most calendar-year 2022 individual and business returns: individual income tax returns, originally due April 18; various business returns, normally due March 15 and April 18; and returns of tax-exempt organizations, normally due May 15. The Oct. 16 postponement also applies to farmers who choose to forgo making estimated tax payments and normally file their returns by March 1.
Eligible taxpayers will also have until Oct. 16 to make 2022 contributions to their IRAs and health savings accounts, the IRS said.
The postponement also applies to the fourth quarter 2022 estimated tax payment that was originally due on Jan. 17, 2023. Taxpayers who did not make this payment can include it with the 2022 return that they file on or before Oct. 16.
Estimated tax payments for 2023, normally due April 18, June 15, and Sept. 15, are also postponed to Oct. 16, as are the quarterly payroll and excise tax returns normally due Jan. 31, April 30, and July 31.
The IRS says taxpayers in the affected disaster areas do not need to file any extension paperwork, and they do not need to call the IRS to qualify for the extended time.
— To comment on this article or to suggest an idea for another article, contact Martha Waggoner at Martha.Waggoner@aicpa-cima.com.