IRS Announces that Hurricane Ian Victims
Qualify for Tax Extensions to Feb. 15
The IRS has extended tax filing deadlines to February 15, 2023, for individuals and businesses throughout Florida in response to the destruction and displacement wrought by Hurricane Ian.
The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). President Joe Biden has declared designated areas of the state to be eligible for various levels of federal disaster assistance. This means that individuals and households that reside or have a business anywhere in the state of Florida qualify for tax relief. Floridians now have until February 15, 2023, to file their various federal individual and business tax returns and make tax payments. The tax relief postpones various tax filing and payment deadlines that occurred starting on September 23, 2022.
The February 15 date also applies to individuals who had a valid extension to file their 2021 return due to run out on October 17, 2022.
The February 15, 2023, deadline also applies to quarterly estimated income tax payments due on January 17, 2023, and the quarterly payroll and excise tax returns normally due on October 31, 2022, and January 31, 2023. Businesses with an original or extended due date also have the additional time including, among others, calendar-year corporations whose 2021 extensions run out on October 17, 2022. Similarly, tax-exempt organizations also have the additional time, including for 2021 calendar-year returns with extensions due to run out on November 15, 2022,
In addition, penalties on payroll and excise tax deposits due on or after September 23, 2022, and before October 10, 2022, will be abated as long as the deposits are made by October 10, 2022.
The IRS provides details on other returns, payments and tax-related actions qualifying for the additional time on its Disaster Assistance and Emergency Relief for Individuals and Businesses page.
The information presented here should not be construed as legal, tax, accounting, or valuation advice. No one should act on such information without appropriate professional advice and after a thorough examination of the particular situation.