Tax Deadline Extension for Disaster-Affected Taxpayers in California, Alabama, and Georgia
IRS Extends Tax Deadline to October 16 for Taxpayers Affected by Disasters in California, Alabama, and Georgia
Taxpayers in California, Alabama, and Georgia who were affected by recent disasters, including wildfires and hurricanes, will have additional time to file their federal tax returns. The Internal Revenue Service (IRS) has announced that the tax deadline for these taxpayers has been extended from May 15 to October 16, 2023.
The IRS has provided this relief to taxpayers who reside or have a business in disaster areas designated by the Federal Emergency Management Agency (FEMA). The relief applies to both individuals and businesses, including tax-exempt organizations.
Taxpayers who receive this relief will have until October 16, 2023, to file their returns, make tax payments, and make certain other tax-related deadlines. This extension applies to various tax forms, including individual income tax returns (Form 1040), partnership returns (Form 1065), and corporate tax returns (Form 1120).
In addition to the deadline extension, affected taxpayers will also have the option to claim disaster-related casualty losses on their 2022 or 2023 tax returns. This means that they may be able to deduct losses related to property damage or other disaster-related expenses.
Taxpayers who have already filed their tax returns and are entitled to a refund may also benefit from this relief. The IRS has stated that it will automatically provide refunds to affected taxpayers who have filed their returns and are due a refund.
Taxpayers who are affected by the disasters and live outside of the designated disaster areas may also qualify for relief. They can contact the IRS at 1-866-562-5227 to request assistance.
The IRS has urged affected taxpayers to take advantage of the extended deadline to ensure that they file their returns and pay any taxes owed. They have also encouraged taxpayers to consider filing electronically, which can help to speed up the processing of their returns and refunds.
In conclusion, the IRS has extended the tax deadline for taxpayers affected by disasters in California, Alabama, and Georgia. This relief applies to various tax forms, and affected taxpayers will also have the option to claim disaster-related casualty losses. The IRS has urged affected taxpayers to take advantage of the extended deadline and file their returns electronically to ensure timely processing.