Tax Blog

Florida Victims of Hurricane Ian Granted Tax Relief

With the devastation caused by Hurricane Ian, the IRS recently announced that victims in Florida, have been granted an extended tax relief. Taxpayers now have until February 15, 2023, to file either their individual or business tax returns. The same deadline also applies to tax payments.

Deadlines Extended

Estimated income tax payments that were originally due January 17, 2023, have been extended to February 15th. Quarterly payroll and excise tax returns that would have been due October 31, 2022, and January 31, 2023, have also been extended to February 15th, 2023.

Affected taxpayers do not need to reach out to the IRS to obtain this relief. The IRS will also work with those taxpayers that live out of the disaster area but whose records are located in the disaster area. If this situation applies to you, please contact the IRS at 866-562-5227.

Casualty Losses

If you or your business suffered uninsured or unreimbursed disaster-related losses, you can choose to claim them on the return in which they occurred, or for the year prior. If you decide to make this claim, ensure that you write the FEMA declaration number “DR-4673-FL” on any return that claims this loss.

Check Publication 547 or visit disasterassistance.gov for more information on disaster recovery.

Please reach out to the Professionals at The Center for Financial, Legal, and Tax Planning Inc., if you need assistance in filing for relief at (618) 997-3436 or by visiting our website at www.taxplanning.com.




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