The Governor’s office has announced that California will conform to the filing extensions granted by the IRS for California storm victims. This means the FTB has extended filing and payment deadlines for many individuals and businesses in California until May 15, 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 return filings normally due between March 15 and April 18, 2023;
- Third and fourth quarter estimated tax payments due on January 17, 2023, and April 18, 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 on or before May 15, 2023;
- IRA and health savings account (HSA) contributions; and
- Quarterly payroll and excise tax returns, normally due on January 31, 2023, and April 30, 2023.
In addition, the FTB will suspend the mailing of collection notices to affected taxpayers for the next 30 days, beginning January 13, 2023.
The relief is automatically available to taxpayers who reside or have a business in the following counties:
| Alameda | Marin | Sacramento | Santa Cruz |
| Colusa | Mariposa | San Benito | Solano |
| Contra Costa | Mendocino | San Bernardino | Sonoma |
| El Dorado | Merced | San Diego | Stanislaus |
| Fresno | Mono | San Francisco | Sutter |
| Glenn | Monterey | San Joaquin | Tehama |
| Humboldt | Napa | San Luis Obispo | Tulare |
| Kings | Orange | San Mateo | Ventura |
| Lake | Placer | San Santa Barbara | Yolo |
| Los Angeles | Riverside | Santa Clara | Yuba |
| Madera |
The Governor’s news release is available at:
www.gov.ca.gov/2023/01/13/tax-relief-for-californians-impacted-by-storms/
This article is reproduced with permission from Spidell Publishing, Inc.
If you have questions or would like more information, connect with one of our tax professionals.