![]() ![]() This can be done for free using IRS Free File. ![]() The IRS encourages affected taxpayers to file for an extension electronically by April 18, 2023, if the taxpayer feels more time is needed to complete the tax return before the July 31, 2023, deadline. If an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement period, the taxpayer should call the telephone number on the notice to have the IRS abate the penalty. In addition, penalties on payroll and excise tax deposits due on or after March 31, 2023, and before April 18, 2023, will be abated as long as the tax deposits are made by April 18, 2023. The July 31, 2023, deadline also applies to any payment normally due during this period, including quarterly estimated tax payments, quarterly payroll and excise tax returns. Among other things, this means that eligible taxpayers will have until July 31 to make 2022 contributions to their IRAs and health savings accounts. This includes 2022 individual income tax returns due on April 18, as well as various 2022 business returns normally due on April 18. ![]() As a result, affected individuals and businesses will have until July 31 to file returns and pay any taxes that were originally due during this period. For instance, certain deadlines falling on or after March 31, 2023, and before July 31, 2023, are granted additional time to file through July 31, 2023. The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. WASHINGTON - Victims of severe storms and tornadoes in Arkansas on March 31, 2023, now have until July 31, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.įollowing the disaster declaration issued by the Federal Emergency Management Agency, individuals and households affected by severe storms and tornadoes that reside or have a business in Cross, Lonoke, and Pulaski counties qualify for tax relief. ![]()
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