Published: February 27, 2023. Updated April 11, 2023.
October 16th New Tax Deadline For California Storm Counties
On Friday, February 24th the IRS announced a further extension of time to October 16th (official announcement on IRS site here) for most California individual and business taxpayers to:
- File income tax returns
- Make income tax payments, including the fourth quarter estimate for 2022, any balance of tax due for 2022 normally due April 15th
- Quarterly estimates for 2023 normally due in April, June or September
- Due date relief for tax deferred (1031) exchanges
This announcement affects all taxpayers that previously qualified for the earlier May 15th extension (details on that here) who are located in specified disaster relief most counties in the state of California. *(See list below).
Other qualifying taxpayers: records, not business or residence, are in a qualifying county
This relief also applies to any taxpayer who lives outside the disaster area but whose records necessary to meet a deadline occurring during the postponement period are located in the affected area. Taxpayers qualifying for relief in this category include:
- Taxpayers who are clients of tax preparers who are unable to file returns or make payments on behalf of the client because of a federally declared disaster.
- Taxpayers who do not live in a disaster area, but own interests in partnerships or S-Corporations located in a federally declared disaster area.
- If the affected partnership or S-Corporation cannot provide these individuals records necessary to file their returns, the taxpayers are affected. The taxpayer’s filing and payment deadlines are postponed until the end of the postponement period just like the affected partnership or S-Corporation.
Relief provided under either of the above situations is not automatic. To get the postponement for filing or payment, taxpayers must:
- Call the IRS Disaster Hotline at 866-562-5227
- Explain their necessary records are located in a covered disaster area
- Provide the FEMA Disaster Number of the area where their tax preparer is located or the FEMA Disaster Number of the county where the affected partnership or S-Corporation is located.
Our firm is located in Fresno County which is included in the disaster area. The FEMA disaster number for our area is FEMA-4683-DR which would also be the FEMA Disaster Number for any affected Partnership or S-Corporation.
Additional information can be found at this link, including a list of frequently asked questions FAQs.
WHH Advice and Recommendations
The disaster relief extension provides a tax payment deferral opportunity for some to take advantage of; however, we highly recommend staying current on the tax preparation process as much as possible to ensure the best results for your tax situation.
FTB Conformity Still Unknown
As of today (February 27), the Franchise Tax Board has not announced its conformity with the latest federal announcement, but we will continue to monitor any new developments in this area.
California Qualifying Counties
Counties in California that have been designated as disaster areas by the Federal Emergency Management Agency (FEMA).
Alameda, Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Imperial, Inyo, Kern, Kings, Lake, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Mono, Monterey, Napa, Nevada, Orange, Placer, Plumas, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Sierra, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Ventura, Yolo and Yuba counties.
Please reach out if you have any questions.
