These extensions impact the following:
- Individual income tax returns normally due April 18, 2023
- Business return filings normally due between March 15 and April 18, 2023;
- Fourth quarter estimated tax payments normally due on January 17, 2023. Individual taxpayers can skip making the fourth quarter estimated tax payment and instead include it with the 2022 return as long as the return is filed or extended on or before May 15, 2023;
- IRA and health savings account (HSA) contributions originally due April 18, 2023; and
- Quarterly payroll and excise tax returns, normally due on January 31, 2023, and April 30, 2023.
The extensions are automatically offered to taxpayers who live or have a business in the Federal Emergency Management Agency (FEMA) designated disaster area, including Los Angeles, Ventura and Santa Barbara counties.
You can read more about the IRS tax relief here.
We are awaiting confirmation from the Franchise Tax Board as to whether California will conform to this extension. We will follow up once we have more information.
If you have any questions, please contact our office.
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