The Internal Revenue Service (IRS) has issued another announcement as of CA-2023-02. The following modifications apply to the original tax relief victims of severe winter storms, flooding, landslides, and mudslides in California. The relief period for making tax payments and return filing has been extended from December 27, 2022, through May 15, 2023. Previously, the extension was from January 8, 2023, through May 15, 2023, in the original relief.
In addition, counties listed in CA-2023-02 are included below and the list of counties has been revised in the new announcement. The relief now covers 28 counties.
|Butte||Los Angeles||San Benito||Siskiyou|
|Colusa||Mendocino||San Luis Obispo||Tulare|
|Contra Costa||Merced||San Mateo||Trinity|
Once again, the relief applies to deadlines that fall within the relief period and covers:
- Estimated tax payments
- Individual, corporate, trust, and estate tax return filing deadlines (including income tax, payroll, and excise tax returns)
- Making contributions to IRAs and health savings accounts
- Deadlines listed in Revenue Procedure 2018-58 (e.g. IRC §1031 deadlines)
However, the relief DOES NOT cover information returns, such as Form W-2, Form 1095, Form 1098, Form 1099, and more.
» For more information on the original announcement, read our full articles here:
For more details, please refer to the Internal Revenue Service (IRS) announcement and the Federal Emergency Management Agency (FEMA) website.
Please contact our offices if you have any questions regarding this tax extension.
» Download Update #2: IRS Extends Filing Deadline for California Storm Victims: Tax Relief Available
About the Authors
Lou Guerrero, CPA, MBT, Tax Practice Leader
Tax, Tax Specialty Services, Financial Services
Luis (Lou) A. Guerrero is Vice President of KROST CPAs and Consultants. As the Tax Practice department leader for KROST, Lou is responsible for the overall tax function of the firm and specializes in clients in the financial services sector (hedge funds, money managers, private equity), family office and high net worth individuals, real estate, food service (restaurants and related), technology (including manufacturing and distribution) and professional service firms. » Full Bio
So Sum Lee, CPA, Principal
Tax, Real Estate, Hospitality, Estate & Gift, Trust and Probate
So Sum Lee is a Tax Principal at KROST. So Sum has over 25 years of experience in public accounting and has a wide range of experience in Taxation, as well as servicing high-net-worth clients. So Sum’s area of expertise includes industries such as wholesale, real estate investments, and restaurants. » Full Bio