December 1, 2022 - Douglas Myser

IRS deadlines for disaster area filing. The IRS in notice 2022-36, has listed out different deadlines for multiple disaster areas, and many of the deadlines are different, so check the specific area and deadline to make sure you don't use a wrong area's deadline ! These areas have additional time to file tax returns and some have extended deadlines for extending tax filing deadlines. This notice applies to the 2019 and 2020 tax returns. This particular Tax Relief, covers the deadlines to file but not to pay taxes, as the payment will still be due, but the tax filing deadline relief is available due to the Federal Emergency Management Agency (FEMA) declaring these specific areas as a disaster zone, in a declaration by FEMA. The penalties for late filing of tax returns, as well as penalties for not reporting certain required information on Form 1065, U.S. Return of Partnership Income, or Form 1120-S, U.S. Income Tax Return for an S-Corporation , are waived or abated if the relevant return was filed on or Before September 30, 2022. But Individuals and households that reside or have a business in recently declared FEMA disaster areas have postponed deadlines for filing the return to get this relief. IRS deadlines for disaster area filing.

Areas with a February 15th, 2023 deadline include Florida, North Carolina, South Carolina, and Puerto Rico, due to the Hurricane Ian and Hurricane Fiona, that struck those regions. Go to the IRS website, located at IRS.GOV for the specific counties that qualify for the Disaster Tax Relief. The IRS stated that penalty relief is not available for the 2019 or 2020 tax years, if a taxpayer engages in any fraudulent behavior. That would disqualify the tax relief. Any questions about this can be answered by calling us at 1-888-689-7861, to get Tax Resolution information.