Most California taxpayers have been given additional time to complete 2022 tax returns, which are now due May 15, 2023.
The deadline has been extended due to the recent storms which have wrecked havoc across the state. The Federal Emergency Management Agency (FEMA) declared these storms a federal disaster, and delayed the deadline for any taxpayers who reside in or otherwise have connections to the impacted counties. While not all California counties have been identified, the most populous all have, including: all bay area counties, Santa Cruz County, Monterey County, the central coast, the Sacramento area, and both the metro areas of Los Angeles and San Diego. The IRS press release provides details here.
Taxpayers not residing or doing business in the affected counties, but having tax professionals who do (such as RD’s Tax Strategies, Inc., located in Santa Clara County), would be expected to be allowed the delay based on the availability of books and records.
California automatically conforms to deadline changes from federal disasters, so state deadlines will also be delayed. Taxpayers with other state filings will not uniformly be allowed more time, though some sates will similarly conform to any federal change.
The delay impacts not only income tax filing, but also nearly any deadline that would have occurred between January 8th and April, including each of the following:
- Federal and California income tax filing deadline extended from April 18th to May 15th
- Federal and California income tax payment deadline extended from April 18th to May 15th
- Fourth quarter 2022 individual estimated tax payment deadline extended from January 17th to May 15th
- First quarter 2023 individual estimated tax payment deadline extended from April 18th to May 15th
- Partnership, C-corporation, S-corporation, Trust, and other entities’ filing and tax payment deadlines extended from March/April to May 15th
- Fourth quarter 2022 payroll/excise tax filing and tax payment deadlines extended from January 31st to May 15th
- Funding for IRA contributions, Roth IRA contributions, and corrective retirement plan actions extended from April 18th to May 15th, and
- Health Saving Account funding extended from April 18th to May 15th
Clients of RD’s Tax Strategies, Inc. will retain any already booked tax appointment dates, and those not yet on the calendar are encouraged to contact the front desk to secure a meeting during the regular tax season scheduling period from February 1st to March 31st. We do not anticipate opening up April or May for appointments.
Please let us know if you should have any questions about this development~
RD's Tax Strategies, Inc. 