On September 29, 2022, the Internal Revenue Service (the “IRS”) announced certain tax relief for victims of Hurricane Ian in Florida. Following the recent disaster declaration issued by the Federal Emergency Management Agency (“FEMA”), the IRS is offering relief to any area designated by FEMA. This means that individuals and households that reside or have a business anywhere in the state of Florida will qualify for tax relief.
The tax relief includes an extension until February 15, 2023, to file various federal individual and business tax returns and make tax payments. Specifically, certain deadlines falling on or after September 23, 2022, and before February 15, 2023, will be postponed through February 15, 2023.
For example, individuals who had a valid extension to file their 2021 return due to run out on October 17, 2022, will now have until February 15, 2023, to file. The IRS noted, however, that because tax payment related to these 2021 returns were due on April 18, 2022, those payments are not eligible for relief.
The February 15, 2023, extension will also apply to the quarterly estimated tax payments, normally due on January 17, 2023 and to the quarterly payroll and excise tax returns normally due on October 31, 2022, and January 31, 2023. Businesses with an original or extended due date will also be granted the extension, including calendar-year corporations whose 2021 extensions run out on October 17, 2022.
Further, any 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.
The IRS plans to automatically identify taxpayers located in the covered disaster area and apply filing and payment relief. However, affected taxpayers who reside or have a business located outside the covered disaster area are encouraged to call the IRS disaster hotline at 866-562-5227 to request tax relief.
The text of the IRS announcement is included in the link below for your ease of reference:
If you may be impacted by this IRS announcement, we invite you to contact the Tax Practice Group as soon as possible so that we can discuss your particular situation and the most advantageous manner of proceeding regarding the issues discussed in this announcement.
Search Blog
Follow Us
Recent Posts
- Construction Contractors Should Prepare for the Effects of Potential New Tariffs on Construction Material Prices and Availability
- Federal Court Strikes Down the DOL’s Increased Salary Thresholds for Executive, Administrative, Professional, And Highly Compensated Employee Overtime Exemptions
- Breaking News: FinCEN Postpones Beneficial Ownership Reporting Deadlines for Companies Impacted by Recent Major Storms
- What You Need to Know About the U.S. Department of Transportation’s Build America TIFIA Loan
- Breaking News: Federal Judge Blocks Nationwide Implementation of the FTC’s New Rule Banning Noncompete Agreements
- September 4th is Almost Here: How Employers Can Prepare for the Upcoming Effective Date of the FTC’s Non-Compete Rule
- Florida’s New Statutory Home Warranty: What Home Builders Need to Know
- Orange County Proposes Temporary Suspension Ordinance on New Development Applications
- Raising the Roof: The U.S. Department of Labor Announces Rule Raising Salary Thresholds for Overtime Exemptions
- New Guidelines Anticipated Following HHS’s Health Cybersecurity Concept Paper
Popular Categories
- Employment and Labor
- Litigation (Labor & Employment)
- Construction
- Department of Labor
- Business of Real Estate
- Landlord-Tenant
- Real Estate Law
- Salary
- Competition
- Cybersecurity
- Intellectual Property
- Appeals
- Contracts
- Litigation
- Trusts and Estates
- Public Private Partnership
- Data Security
- Business
- Supreme Court
- Development/Land Use
- Technology
- IP Litigation
- Privacy
- Litigation (Appellate)
- Patents
- Business
- Public Finance
- Regulatory Compliance
- Florida Government Contracts
- Foreclosures
- Trademark
- Contracting
- Health Care
- Financial Institutions
- Compliance
- Estate planning
- International Dispute Resolution
- Florida Public Contracts
- Government Contracting
- Government Contracts
- Property Tax
- Government
- Conveyances
- Lease
- Appellate Blog
- Patent Office
- Insurance
- Wealth planning
- Federal Government Contracting
- Florida Bid Protests
- Public Contracts
- Infringement
- Cyber fraud
- Proposal Writing
- Public Bidding
- GAO
- Bid Protest
- International Arbitration and Litigation
- Americans with Disabilities Act
- Arbitration
- International
- Restrictive Covenants
- Grant Writing
- Copyright
- Promissory Notes
- Title
- Small Business
- Florida Procurement
- Public procurement
- Consumer Privacy
- PTAB
- General Liability
- Technology
- International Arbitration
- Liens and encumbrances
- Liens
- Creditor's Rights
- Bidding
- Attorneys' Fees
- Inter Partes Review
- Consumer Protection
- Power Generation
- Regulation
- Venue
- Contracting
- Government Vendor
- State Government Contracts
- Ad Valorem Assessments
- Florida Administrative Law
- Attorneys' Fees
- Florida Rules of Appellate Procedure
- Bankruptcy
- Florida Public Procurement
- Russia-Related Arbitration
- Mortgages
- FINRA
- Record on Appeal
- Rehearing
- Eviction
- Loan guaranties
- Patents - Assignor Estoppel
- Statute of limitations
- Statute of repose
- Dispute Resolution
- Liens
- Maritime
- Damages
- Briefing
- Request for Proposal
- Patents - Obviousness
- Commercial Brokerage
- Trade Secrets
- Bid Writing
- Florida Bidding Strategies
- Renewal
- Attorneys' Fees
- Florida County Lands
- Florida Economic Incentive Packages
- Jury Instructions
- Stay
- Design Professionals
- Certiorari
- Forum Selection
- email hacking
- Offers of Judgment
- Prevailing Party
- Settlements
- Assignment of Contract
- Assignment of Proceeds
- Designer Liability
- Lis Pendens
- Appellate Jurisdiction - Deadlines
- Banking
- Federal Rules of Appellate Procedure
- Finality
- Fintech
- Marketing/Advertising
- Preservation
- Unlicensed Contracting
- Evidence
- Evidence
- Expert
- Expert Science
- Federal Supply Schedule
- Florida Public Records Law
- Mootness
- Socio-Economic Programs
- Sunshine Law
- Veteran Owned Business
- Homestead
- Partnerships and LLCs
- Standing
- Construction
- Construction Litigation
Editors
- Of Counsel
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Associate
- Partner
- Partner
- Associate
- Partner
- Partner
- Partner
- Partner
- Senior Associate
- Partner
- Associate
- Partner
- Senior Associate
- Partner
- Associate
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Partner
- Of Counsel
- Senior Associate
- Partner
- Associate
- Partner
- Partner
- Associate
- Partner
- Partner
- Partner
Archives
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- June 2024
- May 2024
- February 2024
- November 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- October 2019
- August 2019
- July 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016