The IRS has granted filing extensions for California individual and business taxpayers impacted by recent storms. The Franchise Tax Board has also conformed to the extended filing and payment deadlines for many taxpayers in California until October 16, 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 October 16, 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.
The extensions are automatically offered to taxpayers who live or have a business in the FEMA disaster area, including Los Angeles, Ventura and Santa Barbara counties. Please visit FEMA.gov for the disaster zone map and more information.
Although tax payments for Individual filings are not due until October 16, 2023, we urge you to go ahead and make any required payments as soon as you can at the IRS Direct Pay website: https://www.irs.gov/payments/direct-pay for year ending 12/31/2022 and for the State of California FTB: https://www.ftb.ca.gov/pay/index.html
If you have any questions, please call our office at (818) 385-4999.