IRS provides tax relief for taxpayers affected by Hurricane Ian (North Carolina and South Carolina)
February 15, 2023 deadline to file various individual and business tax returns and make tax payments
North Carolina and South Carolina
The IRS today announced that taxpayers in both North Carolina and South Carolina affected by Hurricane Ian now have until February 15, 2023, to file various individual and business tax returns and make tax payments.
According to today’s IRS release—IR-2022-173—the tax relief is provided after a recent disaster declaration issued by the Federal Emergency Management Agency (FEMA). The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area.
The tax relief postpones various tax filing and payment deadlines that occurred:
- Starting on September 25, 2022, in South Carolina
- Starting on September 28, 2022, in North Carolina
As a result, affected individuals and businesses will have until February 15, 2023, to file returns and pay any taxes that were originally due during this period. The February 15, 2023 deadline applies to:
- Individuals with a valid extension to file their 2021 return due to run out on October 17, 2022 (tax payments related to these 2021 returns due on April 18, 2022, are not eligible for this relief)
- Quarterly estimated income tax payments due on January 17, 2023
- Quarterly payroll and excise tax returns normally due on October 31, 2022, and January 31, 2023
- Businesses with an original or extended due date including, among others, calendar-year corporations with 2021 extensions that run out on October 17, 2022
- Tax-exempt organizations, including for 2021 calendar-year returns with extensions due to run out on November 15, 2022
In South Carolina, penalties on payroll and excise tax deposits due on or after September 25, 2022, and before October 11, 2022, will be abated as long as the deposits are made by October 11, 2022.
In North Carolina, penalties on payroll and excise tax deposits due on or after September 28, 2022, and before October 13, 2022, will be abated as long as the deposits are made by October 13, 2022.
If an affected taxpayer receives a late-filing or late-payment penalty notice from the IRS but has an original or extended filing, payment or deposit due date that falls within the postponement period, the taxpayer is directed to call the telephone number on the notice to have the IRS abate the penalty.
Any taxpayers living outside the disaster area but with records necessary to meet a deadline occurring during the postponement period located in the affected area need to contact the IRS at 866-562-5227. This also includes workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization.
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