The IRS has given storm victims in parts of Georgia and Alabama until May 15, 2023 to file various state individual and corporate tax returns and make tax payments. The IRS offers relief for all areas designated by the Federal Emergency Management Agency (FEMA). This means that individuals and households residing or having a business in Butts, Henry, Jasper, Meriwether, Newton, Spalding, and Troup counties in Georgia, and Autauga and Dallas counties in Alabama are eligible for tax breaks. Other areas later added to the disaster area are also eligible for the same relief. The current list of eligible locations is available on the Disaster Relief page on IRS.gov.
The tax relief postpones various tax return and payment deadlines, which begin on January 12, 2023. As a result, affected individuals and businesses have until May 15, 2023 to file returns and pay any taxes originally due during that period.
This includes income tax returns for 2022, which are due April 18, as well as various business returns for 2022, which are usually due March 15 and April 18. Health savings accounts.
In addition, farmers who waive estimated tax payments and normally submit their returns by March 1, 2023 now have until May 15, 2023 to submit their 2022 return and pay any taxes due. The May 15, 2023 deadline also applies to quarterly estimated tax payments, which are normally due on January 17, 2023 and April 18, 2023. This means that individual taxpayers can make the estimated fourth-quarter tax payment, which normally occurs on May 18-17, 2023, and instead include it on the 2022 tax return they file on or before May 15.
The May 15 deadline also applies to quarterly payroll and consumption tax returns, which are normally due on January 31 and April 30, 2023. 01/27/2023 reduced, provided that the tax prepayments are made by 01/27/2023.
The IRS Disaster Relief page provides details of other returns, payments, and tax actions eligible for the additional time. The IRS automatically makes filing and penalty relief available to any taxpayer with an IRS record address in the disaster area. Therefore, taxpayers do not have to contact the agency to get this relief. However, if an affected taxpayer receives a late filing or late payment notice from the IRS whose original or extended filing, payment, or filing date falls within the deferral period, the taxpayer should call the number on the notice to have the penalty relaxed.
In addition, the IRS will work with any taxpayer who lives outside the disaster area but whose records are retained in the affected area for a deadline that occurs during the deferral period. Taxpayers who are eligible for relief and live outside the disaster area must contact the IRS at 866-562-5227. This includes employees who support relief efforts and are affiliated with a recognized government or philanthropic organization.
Individuals and businesses in a federally designated disaster area that have suffered uninsured or unpaid catastrophe-related losses can either claim them on the declaration for the year in which the damage occurred (in this case, the 2023 declaration, which is normally filed the next year). ), or when returning for the previous year (2022, usually filed this tax season). Be sure to write the FEMA declaration number – 4684-DR for Alabama or 4685-DR for Georgia – on any return claiming loss. See publication 547 for details.
The tax relief is part of a coordinated federal response to the damage caused by these storms and is based on local damage estimates from FEMA. For disaster recovery information, see disasterassistance.gov.