Today the IRS has issued yet another storm-related disaster postponement announcement for California taxpayers (CA-2023-03). This means we now have three different disaster relief notices for storms in California. (CA-2023-01, CA-2023-02, and CA-2023-03) Unfortunately, the notices apply to different counties, have different applicable periods, and postpone different filing and payment deadlines. We have created a 1-hour webinar, Understanding Extensions for California Storms, that breaks down all of those differences so you will know what to do in your practice.
The most recent announcement extends the available October 16 postponement deadline (see www.caltax.com/news/flash-email/2023-15-october-16-disaster-extension-faqs) to cover taxpayers in the following counties not previously included:
- Imperial;
- Kern;
- Plumas; and
- Sierra.
The only counties that are not currently included in the filing/payment October 16 postponement relief (for now) are Lassen, Modoc, and Shasta.
However, for taxpayers in Imperial, Kern, Plumas, and Sierra counties, the relief only applies to deadlines that fall on or after March 9, 2023.
We believe California will conform to this extended relief.
The announcement does provide additional payroll deposit relief for taxpayers listed in the most recent notice. Penalties on payroll and excise tax deposits due on or after March 9, 2023, and before March 24, 2023, will be abated as long as the tax deposits are made by March 24, 2023, for taxpayers in all counties except the following:
- Alameda;
- Colusa;
- Contra Costa;
- Lassen;
- Marin;
- Modoc;
- Riverside;
- San Diego;
- Shasta;
- Siskiyou;
- Solano;
- Sutter;
- Tehama;
- Ventura; and
- Yolo.
The text of the IRS’s latest announcement is available at:
Are you having trouble making sense of all the different storm-related relief announcements and what they mean for your clients? Sign up for Spidell’s Understanding Extensions for California Storms and get answers. Click here for details.