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IRS Extends Some Tax Deadlines to Feb. 3 for  Victims of Storms in New York and Connecticut

By:
Karen Sibayan
Published Date:
Sep 11, 2024

Because of the  heavy storms that landed in New York and Connecticut starting on on Aug. 18, the IRS announced on Sept. 10 that it will offer tax relief to individuals and businesses affected by these storms, which included flooding. The IRS added that some communities located in western Connecticut also underwent landslides and mudslides from these storms.

The IRS is providing relief to areas designated by the Federal Emergency Management Agency. According to the IRS announcement, these individuals will have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.

People living or owning businesses in New York’s Suffolk County and Connecticut’s Fairfield, Litchfield, and New Haven counties qualify for this relief. The same relief will be available to all counties later added to the disaster area. Affected individuals can find the current list of eligible localities on IRS.gov.’s Tax Relief in Disaster Situations.

The Feb. 3, deadline will now apply to:

• Any individual, business or tax-exempt organization that has a valid extension to file their 2023 federal return. The IRS noted, however, that payments on these returns are not eligible for the extra time because they were due last spring before the storm occurred.

• Quarterly estimated income tax payments normally due on Sept. 16, 2024, and Jan. 15, 2025.

• Quarterly payroll and excise tax returns normally due on Oct. 31, 2024, and Jan. 31, 2025

In addition, penalties for failing to make payroll and excise tax deposits due on or after Aug. 18, 2024, and before Sept. 3, 2024, will be abated, as long as the deposits were made by Sept. 3, 2024.

The IRS said that it will automatically provide filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area. These taxpayers do not need to contact the agency to get this relief.

Taxpayers qualifying for relief who live outside the disaster area need to contact the IRS at 866-562-5227. This also includes workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization. Tax preparers located in the disaster area with clients located outside the disaster area can choose to use the bulk requests from practitioners for disaster relief option.

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