The IRS announced disaster relief that further extends federal tax deadlines for taxpayers in certain Alabama, California and Georgia counties to Oct. 16, 2023. This relief is in response to the severe storms and flooding experienced in the affected counties.
Federal tax deadline relief eligibility
The covered disaster areas include the following:
The federal tax relief applies to:
Affected individuals and businesses will have until Oct. 16, 2023, to file returns and pay any taxes that were originally due. The Oct. 16, 2023, deadline also applies to:
Affected taxpayers with casualty losses attributable to the federally declared disaster may elect to take losses into account either in the tax year the loss occurred or the prior tax year.
Please reach out to your Baker Tilly advisor if you have questions regarding how the federal and tax deadline relief affects you.
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.