Taxpayers in parts of Florida and south Georgia have been given more time to file some tax returns as a result of Hurricane Michael that hit the Florida panhandle earlier in October.
The IRS has announced that certain counties in Florida and Georgia designated by the Federal Emergency Management Agency (FEMA) as federal disaster areas are eligible the tax relief.
The onset date of the disaster for the designated counties in Florida was Oct. 7, 2018, and Oct. 9, 2018, in Georgia. Affected businesses and individuals will have until Feb. 28, 2019, to file returns and pay any taxes that were originally due during this period. This includes:
- Taxpayers who had a valid extension to file their 2017 return due to run out on Oct. 15, 2018;
- The quarterly estimated income tax payments due on Jan. 15, 2019;
- The quarterly payroll and excise tax returns normally due on Oct. 31, 2018, and Jan. 31, 2019;
- Tax-exempt organizations that operate on a calendar-year basis that had an automatic extension due to run out Nov. 15, 2018; and
- Businesses with extensions including, among other, calendar-year corporations whose 2017 extensions ran out on Oct. 15, 2018.
The deposit delayed date is Oct. 22, 2018, in Florida and Oct. 24, 2018, for affected taxpayers in Georgia.
If you or your business is located in a federally declared disaster area and receive a late filing or late payment penalty notice from the IRS for payment due that falls within the postponement period, contact us immediately.
Likewise, if you live outside the affected area but your necessary records for meeting a tax deadline are located in the disaster area, please contact our office.
The specific jurisdictions included in the federal disaster areas, visit the IRS website. If you are uncertain if you would qualify for this tax relief, please contact our office.