IRS Issues Hurricane Ian Tax Relief

As Florida taxpayers begin the long road to recovery in the aftermath of Hurricane Ian, the IRS is offering them relief from upcoming tax deadlines.

The relief postpones the following deadlines for residents and businesses within the entire state of Florida to February 15, 2023:

  • Extended 2021 income tax returns (originally due October 17, 2022)
  • Quarterly 2022 estimated tax payments (originally due January 17, 2023)
  • Quarterly payroll and excise tax returns (originally due on October 31, 2022 and January 31, 2023)
  • Form 5500 series returns that were required to be filed on or after September 15, 2022 and before February 15, 2023

In addition, penalties on payroll and excise tax deposits due on or after September 23, 2022, and before October 10, 2022, will be abated as long as the tax deposits are made by October 10, 2022.

Keep in mind that this relief does not apply to related payments due prior to September 23, 2022. For example, 2021 income tax payments due on April 18, 2022 do not qualify for an extension, even if the tax filing is eligible.

We’re Here to Help

If you have any questions about taking advantage of these extended deadlines, please contact your Grassi Tax advisor or Dorothy McAuliffe, Senior Tax Manager. We are here to help you secure the relief you need.

Dorothy McAuliffe Dorothy McAuliffe is a Senior Tax Manager in Grassi’s Cannabis Advisory practice. She has more than 18 years of experience helping small businesses, entrepreneurs, professional services firms and high-net-worth individuals plan and achieve their tax savings goals. Dorothy specializes in tax advisory, controversy, planning and compliance for businesses faced with complicated federal, state and local, and sales and use tax issues. She advises Cannabis... Read full bio