Insights
Franchise Tax Board conforms to IRS filing extensions for California storm victims
January 16th, 2023/Tax
On January 13, the Governor’s office announced that California will conform to the IRS filing extensions granted for California individual and business taxpayers impacted by recent storms. This means the Franchise Tax Board has extended filing and payment deadlines for many taxpayers in California until May 15, 2023.
This relief applies to the following deadlines falling on or after January 8, 2023, and before May 15, 2023:
- Individual income tax returns
- Business tax returns
- 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;
- Quarterly payroll and excise tax returns, normally due on January 31, 2023, and April 30, 2023
You can access the official Governor’s notice here: www.gov.ca.gov/2023/01/13/tax-relief-for-californians-impacted-by-storms/
If you have any questions, please contact our office.
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TAGS: Tax
