The IRS recently granted additional time to those affected by recent storms in California to file individual and business tax returns and make payments. This postponement allows storm victims until May 15, 2023 to file their tax returns and make tax payments, helping them stay on top of their tax compliance obligations despite the hardships they have faced due to the storms.
The affected areas that qualify for the tax relief include Alameda, Colusa, Contra Costa, El Dorado, Fresno, Glenn, Humboldt, Kings, Lake, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Mono, Monterey, Napa, Orange, Placer, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Solano, Sonoma, Stanislaus, Sutter, Tehama, Tulare, Ventura, Yolo, and Yuba counties. The current list of locations included in this Tax relief can be found here https://www.irs.gov/newsroom/tax-relief-in-disaster-situations on the IRS.gov site. Any tax filing or payment deadline since January 8, 2023, has been postponed until May 15, 2023.
The Franchise Tax Board just announced that California returns, and payment due dates will also be extended to May 15. The IRS is automatically applying tax relief based on your address of record. Please notify your tax advisor if you receive a penalty notice from the IRS for late filing or payment for a due date falling within the postponement period (January 8, 2023 – May 15, 2023).
If you have questions, consult your tax preparation services provider for details about your situation.