Victims of the most recent California storm now have until May 15, 2023 to file various federal individual and business tax returns and make tax payments.
The IRS announced January 10, 2023 that Californian’s who reside in or have a business in the following counties will have until May 15, 2023 to file various federal individual and business tax returns and make tax payments:
Colusa, El Dorado, Glenn, Humboldt, Los Angeles, Marin, Mariposa, Mendocino, Merced, Monterey, Napa, Orange, Placer, Riverside, Sacramento, San Bernardino, San Diego, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Solano, Sonoma, Stanislaus, Sutter, Tehama, Ventura, Yolo and Yuba.
The tax relief postpones various tax filing and federal payment deadlines that occurred starting on January 8, 2023 until May 15, 2023. Examples of federal delayed payments that are now due May 15, 2023:
- 2022 Individual and trust federal fourth quarter estimates originally due January 17, 2023
- 2023 Individual and trust federal first quarter estimates originally due April 18, 2023
- 2022 C corporation federal balance due and 2023 first quarter estimate payments originally due April 18, 2023
- 2022 contributions to IRAs and health savings accounts originally due April 18, 2023
- Federal quarterly payroll and excise tax returns normally due on January 31 and April 30, 2023.
Please refer to the following federal news release for additional information: https://www.irs.gov/newsroom/irs-california-storm-victims-qualify-for-tax-relief-april-18-deadline-other-dates-extended-to-may-15.
California recently conformed to the IRS filing extensions. We recommend taxpayers continue to pay their California 2022 fourth quarter estimates by January 17, 2023.
Contact a tax advisor here at WFY to discuss additional details regarding the federal filing and payment date changes, or sign-up for our newsletter here to receive more updates.