At a glance
- The main takeaway: The Internal Revenue Service (IRS) announced an extension for filing tax returns and submitting tax payments for Californians affected by severe winter storms, flooding, landslides and mudslides.
- Impact on your business: To be eligible to receive this tax relief, taxpayers must reside in one of the counties severely impacted by the storms. However it’s important to note that there are seven counties in California that do not qualify for this tax extension.
- Next steps: Aprio’s tax advisors can help you prepare your tax return to ensure you meet the new filing due date.
Schedule a consultation with an Aprio Tax Advisor today.
The full story:
To alleviate the hardships brought on by the disastrous storms that swept through California, the IRS has extended the tax return due date for impacted taxpayers. California residents and businesses affected by severe winter storms, flooding, landslides and mudslides will now have until October 16, 2023, to file various federal individual and business tax returns as well as submit any required remittance of tax payments.
In addition, the California Franchise Tax Board (CFTB) will follow the IRS’ tax relief announcement by extending due dates for both the filing of various California individual and business tax returns, and payment of certain state taxes, for taxpayers impacted by these severe storms.
Taxpayers entitled to the automatic extension include:
- Individuals whose tax returns and payments are due on April 18, 2023.
- Quarterly estimated tax payments that are due on January 17, 2023, April 18, 2023, June 15, 2023 and September 15, 2023.
- Business entities whose tax returns are normally due on March 15 and April 18.
- Pass-through entities (PTE) elective tax payments due on March 15 and June 15, 2023.
Residents and businesses in the following counties who are eligible for this extended tax relief, include:
| Alameda | Alpine | Amador | Butte | Calaveras | Colusa | Contra | Costa |
| Del Norte | El Dorado | Fresno | Glenn | Humboldt | Inyo | Kings | Lake |
| Los Angeles | Madera | Marin | Mariposa | Mendocino | Merced | Mono | Monterey |
| Napa | Nevada | Orange | Placer | Riverside | Sacramento | San Benito | San Bernardino |
| San Diego | San Francisco | San Joaquin | San Luis Obispo | San Mateo | Santa Barbara | Santa Clara | Santa Cruz |
| Siskiyou | Solano | Sonoma | Stanislaus | Sutter | Tehama | Trinity | Tulare |
| Tuolumne | Ventura | Yolo | Yuba |
Residents of the following seven counties in California are not entitled to this automatic extension to file tax returns and make listed tax payments:
- Imperial
- Kern
- Lassen
- Modoc
- Plumas
- Shasta
- Sierra
The bottom line
Aprio’s tax advisors are closely monitoring the IRS and CFTB for any updates to the newly extended tax return and payment due dates. Our team can help you prepare your tax return to ensure you meet the new filing due date. Schedule a meeting today.
Related Resources/Assets/Aprio.com articles/pages
Aprio’s End of Year Tax Update
California Rules That Nonresident S Corporation Shareholders Own Tax on Sale of Goodwill
About Aprio’s State and Local Tax Services
About Aprio’s Business Tax Services
About Aprio’s Individual & Family Tax Services