It never rains, but it pours. And floods, and snows, and who knows what else?
Most California taxpayers, previously given extended deadlines due to January storms and flooding, have been given a further extension 2022 tax returns and payments, which are now due October 16, 2023. (Yes, that is not a typo.)
The deadline has been extended due to the continuing freak weather plaguing parts of the state, such as the recent snows in southern California.
The Federal Emergency Management Agency (FEMA) declared these storms a federal disaster – or, really, a continuance of the existing disaster – and delayed the deadline for any taxpayers who reside in the impacted counties. The same counties previous included are all eligible for the relief.
While not all California counties have been identified, the most populous all have, including: All Bay Area counties; Santa Cruz/Monterey counties; the Central Coast; the Sacramento area; and both the metro areas of Los Angeles and San Diego. The IRS press relief 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, though unlike residents the relief is not automatic in such cases.
California automatically conforms to deadline changes from federal disasters, so state deadlines will also be delayed. The announcement from the governor’s office is here. Taxpayers with other state filings will not uniformly be allowed more time (apart from those with their own extensions).
The delay impacts not only income tax filing, but also nearly any deadline that would have occurred between late December 2022 and May 2023, including each of the following:
- Federal and California income tax filing deadline extended to October 16th;
- Federal and California income tax payment deadline extended to October 16th;
- Fourth quarter 2022 individual estimated tax payment deadline extended to October 16th;
- First , second, and third quarter 2023 individual estimated tax payment deadline extended to October 16th;
- Partnership, C-corporation, S-corporation, Trust, and other entities’ filing and tax payment deadlines extended to October 16th;
- Exempt organization (non-profit) tax returns filing and tax payment deadlines extended to October 16th;
- Fourth quarter 2022 payroll / excise tax filing and tax payment deadlines extended to October 16th;
- First , second, and third quarter 2023 payroll / excise tax filing and tax payment deadlines extended to October 16th;
- Funding for IRA contributions, Roth IRA contributions, and corrective retirement plan actions extended to October 16th; and
- Health Saving Account funding extended to October 16th.
Please let us know if you should have any questions about this development.