California Conforms to Federal October 16, 2023 Extended Relief for Storm Victims
March 3, 2023
On February 23, 2023, the IRS announced the relief for California, Georgia and Alabama storm victims would be further extended from May 15, 2023 to October 16, 2023. To learn more about what the extended relief applies to, please read our previous newsletter here.
At that time, it was uncertain whether California would conform to the revised due date. However, on March 2, 2023, the Governor’s office announced that California will conform to the filing extensions for residents of the following counties:
|Calaveras||Lake||Nevada||San Luis Obispo||Tehama|
|Colusa||Los Angeles||Orange||San Mateo||Trinity|
|Contra Costa||Madera||Placer||Santa Barbara||Tulare|
|Del Norte||Marin||Riverside||Santa Clara||Tuolumne|
|El Dorado||Mariposa||Sacramento||Santa Cruz||Ventura|
For taxpayers that qualify for the extended due date of October 16, 2023, the quarterly estimate due dates that fall on January 15, April 15, June 15 and September 15, are all now due on October 16, 2023.
The 2022 California Passthrough Entity (PTE) tax payment normally due by the original return due date, excluding extensions, is now due October 16, 2023. Similarly, the first installment of the 2023 California PTE tax, normally due June 15, 2023, is also now due October 16, 2023.
California Counties Not Included in the Extension Relief
California counties not eligible for the October 16, 2023 filing and payment relief are: Imperial, Kern, Lassen, Modoc, Plumas, Shasta, and Sierra. The normal due dates will apply to these counties which means quarterly estimate payments may be applicable for January 15, April 15, June 15, and September 16, 2023.
Entities located in counties not included in the extension relief are required to pay their remaining 2022 California PTE tax payments by the original return due date, excluding extensions. Similarly, the first installment of the 2023 California PTE is due June 15, 2023. As a reminder failing to pay the first installment on time or underpaying the tax due will make the entity ineligible to make the PTE tax election.
Other State Filing Requirements
For taxpayers with filing requirements in additional states aside of eligible counties in California, Georgia and Alabama, normal due dates will apply. Taxpayers may therefore need to have their tax return completed earlier than the extended relief due date of October 16, 2023 if they need to meet filing requirements for other states.
Gatto, Pope & Walwick, LLP
Certified Public Accountants