aAt least 10 people have died and more than 700 have been rescued in Florida due to Hurricane Ianwhich could be the deadliest hurricane in the state’s history.
As the hurricane heads toward North and South Carolina, the US government It announced that the Internal Revenue Service (IRS) offers tax exemptions to victims from any territory designated by the Federal Emergency Management Agency (FEMA).
What does the IRS do for victims of Hurricane Ian?
The IRS has decided to postpone tax filing and payment deadlines until February, with the new deadline for affected individuals and businesses to file returns and pay any taxes on February 15, 2023.
“The IRS noted, however, that because tax payments related to 2021 revenue were due on April 18, 2022, these payments are not eligible for this exemption,” the press release states.
The February 15, 2023 deadline also applies to estimated quarterly income tax payments due on January 17, 2023, and to quarterly payroll and selective tax returns normally due on October 31, 2022 and January 31, 2023.
“Companies with an original or extended maturity date also have overtime, including, among other things, calendar-year businesses whose 2021 extensions expire on October 17, 2022. Similarly, tax-exempt organizations also have overtime, Including the 2021 calendar – the year comes back with extensions due to end on November 15, 2022.”
The famous meteorologist swept and crashed into a live tree during Hurricane Ian
Who Is Eligible for Emergency Payments for Hurricane Ian?
Victims from any designated area are designated by the Federal Emergency Management Agency (FEMA) to receive a tax exemption. The IRS has stressed that it will offer this benefit to any taxpayer with an address located in the disaster area.
Hence, they made it clear that citizens are not obligated to contact the IRS in order to obtain relief, as this will be done automatically by the agency.
“However, if the affected taxpayer receives a notice of a late payment penalty or late payment from the IRS that has an original or extended due date for filing, payment, or filing that falls within the deferment period, the taxpayer must call the number on the notice to obtain,” the IRS added. “.
In addition, the IRS will work with any taxpayer who lives outside the disaster area but has their records in place to meet the deadline that occurs during the deferment period in the affected area.
“Relief-eligible taxpayers who live outside the disaster area need to call the IRS at 866-562-5227. This also includes workers assisting relief activities affiliated with a recognized government or charitable organization.”
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