The IRS has announced extended deadlines for Florida residents and businesses who were affected by Hurricane Ian. Individuals or households that reside in Florida or have a business in Florida are eligible for the relief. Certain deadlines that fall after September 23, 2022, and before February 15, 2023, are now postponed to February 15, 2023.
Individual extensions - Individuals who reside in Florida who filed an extension for their 2021 tax return will now have until February 15, 2023, to file rather than the upcoming deadline of October 17, 2022. It is important to note that the payments related to those returns were due April 18, 2022 and, therefore, are not eligible for the relief.
Estimated tax payments - For quarterly estimated tax payments that are normally due on January 17, 2023, the relief will apply and those payments are now due February 15, 2023. The same applies for quarterly payroll and excise tax returns that are normally due October 31, 2022.
Penalties - 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 relief is automatically applied for taxpayers in the covered disaster area. Taxpayers who live outside the covered disaster area and were affected by Hurricane Ian should contact the IRS to request relief.