CHLK Tax Update – January 19, 2023
IRS grants filing extensions to California storm victims
The IRS is granting extensions to California storm victims until May 15, 2023, for the following filing and payment deadlines that were normally scheduled for on or after January 8, 2023:
- Individual income tax returns;
- Business return filings normally due between March 15 and April 18, 2023;
- Fourth quarter estimated tax payments due on January 17, 2023, and first quarter estimated tax payments due on April 18, 2023. Individual taxpayers can skip making the fourth quarter estimated tax payment and instead include it with the 2022 return as long as the return is filed on or before May 15, 2023;
- IRA and health savings account (HSA) contributions; and
- Quarterly payroll and excise tax returns, normally due on January 31, 2023, and April 30, 2023.
In addition, penalties on payroll and excise tax deposits due on or after January 8, 2023, and before January 23, 2023, will be abated as long as the tax deposits are made by January 23, 2023.
The relief is automatically available to taxpayers who reside or have a business in the following counties:
| Colusa | Merced | San Diego | Sonoma |
| El Dorado | Monterey | San Joaquin | Stanislaus |
| Glenn | Napa | San Luis Obispo | Sutter |
| Humboldt | Orange | San Mateo | Tehama |
| Los Angeles | Placer | Santa Barbara | Ventura |
| Marin | Riverside | Santa | Clara Yolo |
| Mariposa | Sacramento | Santa Cruz | Yuba |
| Mendocino | San Bernardino | Solano |
The IRS will also work with 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. Such taxpayers should contact the IRS at (866) 562-5227.
The IRS news release is available at:
California conforms to IRS filing extensions for California storm victims
The Governor’s office has announced that California will conform to the filing extensions granted by the IRS for California storm victims. This means the FTB has extended filing and payment deadlines for many individuals and businesses in California until May 15, 2023.
This relief applies to the following deadlines falling on or after January 8, 2023, and before May 15, 2023:
- Individual income tax returns;
- Business return filings normally due between March 15 and April 18, 2023;
- Fourth quarter estimated tax payments due on January 17, 2023, and first quarter estimated tax payments due on April 18, 2023. Individual taxpayers can skip making the fourth quarter estimated tax payment and instead include it with the 2022 return as long as the return is filed on or before May 15, 2023;
- IRA and health savings account (HSA) contributions; and
- Quarterly payroll and excise tax returns, normally due on January 31, 2023, and April 30, 2023.
In addition, the FTB will suspend the mailing of collection notices to affected taxpayers for the next 30 days, beginning January 13, 2023.
The relief is automatically available to taxpayers who reside or have a business in the following counties:
| Alameda | Marin | Sacramento | Santa Cruz |
| Colusa | Mariposa | San Benito | Solano |
| Contra | Costa Mendocino | San Bernardino | Sonoma |
| El Dorado | Merced | San Diego | Stanislaus |
| Fresno | Mono | San Francisco | Sutter |
| Glenn | Monterey | San Joaquin | Tehama |
| Humboldt | Napa | San Luis Obispo | Tulare |
| Kings | Orange | San Mateo | Ventura |
| Lake | Placer | Santa Barbara | Yolo |
| Los Angeles | Riverside | Santa Clara | Yuba |
| Madera |
The Governor’s news release is available at:
https://www.gov.ca.gov/2023/01/13/tax-relief-for-californians-impacted-by-storms/
