WASHINGTON – The Internal Revenue Service announced Thursday that taxpayers affected by Hurricane Ian are eligible to receive tax relief following the recent disaster declaration issued by the Federal Emergency Management Agency.
Individuals and households that reside or have a business anywhere in Florida have until Feb. 15, 2023, to file various individual and business tax returns and make tax payments.
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The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines falling on or after Sept. 23, 2022, and before Feb. 15, 2023.
This means individuals who had a valid extension to file their 2021 return due to run out on Oct. 17, 2022, will now have until Feb. 15, 2023, to file. The IRS noted, however, that because tax payments related to these 2021 returns were due on April 18, 2022, those payments are not eligible for this relief.
The Feb. 15, 2023, deadline applies to the quarterly estimated tax payments, normally due on Jan. 17, 2023, and to the quarterly payroll and excise tax returns normally due on Oct. 31, 2022, and Jan. 31, 2023. Businesses with an original or extended due date also have the additional time, including calendar-year corporations whose 2021 extensions run out on Oct. 17, 2022.
Penalties on payroll and excise tax deposits due on or after Sept. 23, 2022, and before Oct. 10, 2022, will be abated as long as the tax deposits are made by Oct. 10, 2022.
If an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement period, the taxpayer should call the telephone number on the notice to have the IRS abate the penalty.
You can visit www.irs.gov/newsroom for more information regarding tax relief.