The Internal Revenue Service (IRS) has announced disaster relief for taxpayers affected by the Federal Emergency Management Agency (FEMA) in California, Alabama, and Georgia. Eligible taxpayers now have Deadline until October 16, 2023, to file various federal individual and business tax returns and make tax payments. Previously, the deadline had been postponed to May 15 for these areas. The additional relief postpones various tax filing and payment deadlines, including those for most calendar-year 2022 individual and business returns. The disaster relief applies to taxpayers with an IRS address of record located in the disaster area. Taxpayers do not need to file any extension paperwork, and they do not need to call the IRS to qualify for the extended time.

The Internal Revenue Service (IRS) has announced disaster relief for taxpayers affected by the Federal Emergency Management Agency (FEMA) in California, Alabama, and Georgia. Eligible taxpayers now have Deadline until
The Internal Revenue Service (IRS) has announced disaster relief for taxpayers

Deadline also extended for Estimated Tax

The relief also applies to the estimated tax payment for the fourth quarter of 2022, originally due on January 17, 2023. This means that taxpayers can skip making this payment and instead include it with the 2022 return they file, on or before October 16. The Oct. 16 deadline also applies to 2023 estimated tax payments, normally due on April 18, June 15, and Sept. 15. It also applies to the quarterly payroll and excise tax returns normally due on Jan. 31, April 30, and July 31.

The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA) in these three states. There are four different eligible FEMA declarations, and the start dates and other details vary for each of these disasters. The current list of eligible localities and other details for each disaster are always available on the Tax Relief in Disaster Situations page on IRS.gov. The Disaster Assistance and Emergency Relief for Individuals and Businesses page has details on other returns, payments, and tax-related actions qualifying for the additional time.

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The tax relief is part of a coordinated federal response to the damage caused by these storms and is based on local damage assessments by FEMA. Taxpayers in the affected areas do not need to file any extension paperwork, and they do not need to call the IRS to qualify for the extended time. However, 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 falling within the postponement period, the taxpayer should call the number on the notice to have the penalty abated.

In addition, the IRS will work with any taxpayer who lives outside the disaster area but whose records necessary to meet a deadline occurring during the postponement period are located in the affected area. Taxpayers qualifying for relief who live outside the disaster area need to contact the IRS at 866-562-5227. This also includes workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization.

Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses can choose to claim them on either the return for the year the loss occurred or the return for the prior year. See Publication 547, Casualties, Disasters, and Thefts for details.

In conclusion, the IRS has announced disaster relief for taxpayers affected by the Federal Emergency Management Agency (FEMA) in California, Alabama, and Georgia. Eligible taxpayers now have until October 16, 2023, to file various federal individual and business tax returns and make tax payments. The disaster relief applies to taxpayers with an IRS address of record located in the disaster area, and they do not need to file any extension paperwork, and they do not need to call the IRS to qualify for the extended time.

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Source:IRS

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