The Internal Revenue Service has announced that Victims of Hurricane Ian have Until February 15, 2023 to file various individual and business tax returns. Individuals and businesses affected by Hurricane Ian that reside or have a business anywhere in the state of Florida qualify for tax relief. Accordingly, certain deadlines falling on or after September 23, 2022, and before February 15, 2023, are postponed through February 15, 2023.
Extension for Individuals and Households that Reside or have a Business in Florida
Individuals and households that reside or have a business anywhere in the State of Florida qualify for the extended due date. Qualifying taxpayers with a valid extension to file their 2021 Federal Income Tax Return no longer need to file their tax return by October 17, 2022; but rather have until February 15, 2021 to file the return. However, as tax payments related to the 2021 return were due on April 18, 2022, any payment of tax relating to the 2021 tax year is not eligible for relief.
Affected eligible individuals making estimated tax payments quarterly toward their 2022 individual tax return normally scheduled for October 17, 2022 and January 17, 2023, are automatically granted an extension of time until February 15, 2023 to make these payments.
Extension for Businesses in Florida
Businesses that have payroll and excise tax returns normally due on October 31, 2022 and January 31, 2023 are automatically granted an extended due date of February 15, 2023.
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 tax deposits are made by October 10, 2022.
Additionally, businesses with an original or extended due date for other business tax returnsdue by or on October 17, 2022 (including the annual tax filing of calendar year corporations) are also granted additional time until February 15, 2023 to file the returns.
If an affected taxpayer subject to this relief receives a late filing or late penalty notice from the IRS pertaining to an extended payment due date provided under this Relief should call the telephone number on the IRS notice to have the IRS abate the penalty.
When taking advantage of the relief offered regarding the filing of an Income Tax Return within the extended due date provided under this relief, it is recommended that filers write FL Hurricane Ian across the top of the filing copy of the return.
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