IRS reminder: Deadline to file 2019 and 2020 tax returns to get penalty relief postponed in declared disaster areas (COVID-19)
Taxpayers in areas covered by certain FEMA disaster declarations may have more time to file their returns
Taxpayers in areas covered by certain FEMA disaster declarations have more time to file
The IRS today issued a reminder to taxpayers in areas covered by certain Federal Emergency Management Agency (FEMA) disaster declarations that they may have more time to file their returns to qualify for the penalty relief under Notice 2022-36 for their 2019 and 2020 tax returns.
Background
The IRS in August 2022 issued Notice 2022-36, under which waiving or abating penalties for late-filing certain tax returns, as well as penalties for not reporting certain required information on the Form 1065 or Form 1120-S, were if the relevant return was filed on or before September 30, 2022. Read TaxNewsFlash
Deadline to get COVID penalty relief postponed in declared disaster areas
Today’s IRS release—IR-2022-185—explains that individuals and households that reside or have a business in recently declared FEMA disaster areas have postponed deadlines to file the return to get this relief, as noted below.
- Areas with a deadline of November 15, 2022, include:
- Counties in Missouri identified under FEMA’s Major Disaster Declaration 4665
- Counties in Kentucky identified under FEMA’s Major Disaster Declaration 4633
- The island of St. Croix in the U.S. Virgin Islands
- Members of the Tribal Nation of the Salt River Pima Maricopa Indian Community
- Areas with a deadline of February 15, 2023, include:
- Florida
- Puerto Rico
- North Carolina
- South Carolina
- Areas in Alaska identified under FEMA’s Major Disaster Declaration 4672
- Hinds County, Mississippi
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.