Extension of Federal, California, Georgia and Alabama Due Dates for Storm Victims

February 28, 2023

On February 23, 2023, the Internal Revenue Service (IRS) announced that the relief for California, Georgia and Alabama storm victims would be further extended. The previous relief postponed various filing and payment deadlines scheduled for on or after January 8, 2023 to May 15, 2023. The extended relief now postpones the time to file returns and pay taxes until October 16, 2023. The extended relief applies to:

  • Individual income tax returns due April 18, 2023 (now due October 16, 2023)
  • Business return filings normally due between March and April 18, 2023 (now due October 16, 2023)
  • Estate, Gift and Trust returns normally due April 18, 2023 (now due October 16, 2023)
  • Annual information returns for tax-exempt organizations (now due October 16, 2023)
  • Quarterly estimated tax payments due on January 17, 2023, April 18, 2023, June 15, 2023 and September 15, 2023 (now due October 16, 2023). Note taxpayers can skip having to make separate payments and include their Q1, Q2 and Q3 2023 payment with their tax return payment for 2022, so the overpayment will be automatically applied to tax year 2023.
  • Contributions to IRA and health savings Accounts (HSA) (now due October 16, 2023).
  • Quarterly payroll and excise tax returns that have an original or extended due date between January 8, 2023 and October 16, 2023 (now due October 16, 2023)

California Conformity

The Governor’s office has yet to announce if California will conform to the filing extensions by the IRS. Until we hear otherwise the postponed due dates for California continue to be May 15, 2023. Note that this means California quarterly estimate payment due dates that fall on June 15, 2023 or September 15, 2023 continue to apply.

The second California Passthrough Entity (PTE) Tax payment normally due with the original return excluding extensions, is due May 15, 2023. Making the second installment of the California (PTE) tax after May 15, 2023 will result in penalties and interest. Similarly, the first installment of the California (PTE) tax for tax year 2023, normally due June 15, 2023, still applies. Failing to pay the first installment on time or underpaying the tax due will make the entity ineligible to make the PTE tax election.

As announcements are made, we will keep you up-to-date with the latest news regarding the filing extensions. Meanwhile, from our commitment to providing excellent service, we will continue to work proactively and efficiently in advance of any extended due dates.

Please do not hesitate to contact us if you have any questions or concerns.

Gatto, Pope & Walwick, LLP
Certified Public Accountants