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The IRS has introduced that victims of Hurricane Ian all through Florida will now have till February 15, 2023, to file their federal particular person and enterprise tax returns and make tax funds.
IRS Extends Tax Aid and Deadlines for Florida Small Companies Affected by Hurricane Ian
The tax reduction applies to people and households that reside or have a enterprise in Florida, because the state has been designated for catastrophe help by the Federal Emergency Administration Company. The brand new February deadline additionally applies to quarterly estimated earnings tax funds due on January 17, 2023, and the quarterly payroll and excise tax returns usually due on October 31, 2022, and January 31, 2023.
Florida Tax Aid Eligibility
The brand new tax reduction applies to the assorted tax submitting and cost deadlines that began on September 23, with Florida-based companies now in a position to postpone submitting returns and cost of due taxes till the brand new deadline subsequent yr.
Those that had utilized for and obtained a sound extension to file their 2021 returns may postpone submitting cost till February 15. Nevertheless, the IRS confirmed that 2021 tax funds that have been due on April 18, 2022, usually are not eligible for this reduction.
How Florida Tax Aid Works
On the IRS web site, the nationwide tax assortment company defined how the reduction works: “The IRS robotically offers submitting and penalty reduction to any taxpayer with an IRS deal with of file positioned within the catastrophe space. Subsequently, taxpayers don’t have to contact the company to get this reduction.
“Nevertheless, if an affected taxpayer receives a late submitting or late cost penalty discover from the IRS that has an unique or prolonged submitting, cost or deposit due date falling throughout the postponement interval, the taxpayer ought to name the quantity on the discover to have the penalty abated.”
Non-Resident Taxpayer Eligibility
The IRS additionally state that they may work with any taxpayer who ‘lives exterior the catastrophe space however whose data needed to satisfy a deadline occurring in the course of the postponement interval are positioned within the affected space’. Such taxpayers should contact the IRS at 866-562-5227.
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