IRS extends tax deadline for hurricane victims in Puerto Rico to 2/15/23

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A flooded street is seen during the passage of Hurricane Fiona in Villa Blanca, Puerto Rico… [+] September 18, 2022. – According to information from the United States National Hurricane Center (NHC), Fiona touched down on Puerto Rico at 3:20 pm local time (7:20 GMT), causing a general blackout and flooding of rivers. (Photo by Melvin Pereira / AFP) (Photo by Melvin Pereira / AFP via Getty Images)

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AFP via Getty Images

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The IRS is providing tax filing and payment relief to the victims of Hurricane Fiona in Puerto Rico. In fact, Hurricane Fiona victims in all 78 Puerto Rican municipalities now have until February 15, 2023, to file various federal personal and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is providing relief to any area designated by the Federal Emergency Management Agency (FEMA). This means that individuals and families living or doing business anywhere in the Commonwealth of Puerto Rico qualify for tax relief. The current list of eligible localities is always available on the Disaster Relief page at IRS.gov.

The tax relief defers various tax filing and payment deadlines starting from September 17, 2022. As a result, affected individuals and businesses will have until February 15, 2023, to file returns and pay any taxes originally due during this period. Duration. This means that individuals who had a valid extension to file their 2021 return due to expire on October 17, 2022, will now have time to file till February 15, 2023. However, the IRS noted that because tax payments related to these 2021 returns were due on April 18, 2022, those payments are not eligible for this relief.

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The February 15, 2023, deadline also applies to quarterly estimated income tax payments due on January 17, 2023 and quarterly payroll and excise taxes normally due on October 31, 2022 and January 31, 2023. The original or extended due date also includes additional time, including calendar-year corporations whose 2021 extensions expire on October 17, 2022. Similarly, tax-exempt organizations have extra time, too, to include a 2021 calendar-year return. With the extension due to expire on November 15, 2022.

In addition, the penalty on payroll and excise duty deposits payable after September 17, 2022 and before October 3, 2022 will lapse as long as the deposit is made by October 3, 2022. The IRS Disaster Relief page has details on eligible tax actions for other returns, payments and overtime.

Specifically, the IRS is automatically providing filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area. Therefore, taxpayers need not approach the agency to get this relief. However, if an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date within the moratorium period, the taxpayer should call the number on the notice. be reduced.

In addition, the IRS will work with any taxpayer who lives outside of the disaster area but has the necessary records to meet the deadlines that are located in the affected area during the moratorium period. Taxpayers who qualify for relief living outside the disaster area need to contact the IRS at 866-562-5227. It also includes workers assisting in relief activities that are affiliated with a recognized government or philanthropic organization.

Individuals and businesses in a federally declared disaster area that have suffered damage related to an uninsured or uninsured disaster can choose to claim the return for the year of the loss (in this example, the 2022 return would normally be the next year). is filed), or the return for the previous year (2021). Be sure to write the FEMA Declaration Number – DR-3583-EM – on any return claiming damages. See Publication 547 for details.

The tax relief is part of a coordinated federal response to damage from Hurricane Fiona and is based on local damage assessments by FEMA. For information about disaster recovery, visit Disaster Assistance.gov.



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