The Internal Revenue Service (IRS) announced that the tax deadline of October 17, 2022, has been extended to February 15, 2023, for Hurricane Ian victims throughout Florida. This extension is for filing various federal individual and business tax returns and making tax payments.

The IRS is offering tax relief to individuals and households that reside or have a business in areas designated by the Federal Emergency Management Agency (FEMA) in Florida. The current list of eligible localities can be found on the disaster relief page on IRS.gov.

The tax relief postpones various tax filings and payment deadlines starting on September 23, 2022. As a result, affected individuals and businesses will have until February 15, 2023, to file returns and pay any originally due taxes.

What is EXTENDED to February 15, 2023?

  • 2021 individual and business tax returns with valid extension expiring on October 17, 2022.
  • Quarterly estimated income tax payments that are due on January 17, 2023.
  • Quarterly payroll and excise tax returns that are due on October 31, 2022, and January 31, 2023.
  • Tax-exempt organizations with an extension expiring on November 15, 2022.

What is NOT EXTENDED under this tax relief?

  • Tax payments that were due on April 18, 2022.

In addition, penalties on payroll and excise tax deposits due on or after September 23, 2022, and before October 10, 2022, will be abated if the deposits are made by October 10, 2022. The IRS will automatically provide filing and penalty relief to taxpayers whose address is on record in the disaster area.

For more information, please visit the IRS disaster relief page.

If you have any questions, please don’t hesitate to email us.

About the Author

Doug Finkle is a Director in the Tax Department at SobelCo. With a career spanning more than twenty years, Doug brings a depth of knowledge and experience to the firm. Over the years, he has developed strong competencies in handling tax compliance for corporations (including consolidations), partnerships, S corporations, and high net worth individuals. In addition, Doug is known for sharing his in-depth knowledge of tax laws and regulations, particularly by leveraging his broad involvement with tax planning and developing tax minimization strategies for clients. Drawing on this unique mix of knowledge of tax laws, Doug has proven to be an excellent problem solver who applies his strong analytical skills to help clients address their simple and complex issues. He also has expansive knowledge of preparing and reviewing tax provisions under ASC 740 Accounting for Income Taxes.