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Residents in St. Lawrence County Have An Extension Issued by The IRS For Tax Filings

The IRS has granted an extension until May 15, 2023 for tax filings and payments for residents in parts of New York affected by winter storms in late 2022. The extension applies to individual and business tax returns and payments that were originally due between December 23, 2022 and May 15, 2023. This includes 2022 individual income tax returns and various business returns. Farmers and taxpayers can also skip estimated tax payments due January 17, 2023 by including them with their 2022 return filed by the new May 15 deadline.

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171 views1 page

Residents in St. Lawrence County Have An Extension Issued by The IRS For Tax Filings

The IRS has granted an extension until May 15, 2023 for tax filings and payments for residents in parts of New York affected by winter storms in late 2022. The extension applies to individual and business tax returns and payments that were originally due between December 23, 2022 and May 15, 2023. This includes 2022 individual income tax returns and various business returns. Farmers and taxpayers can also skip estimated tax payments due January 17, 2023 by including them with their 2022 return filed by the new May 15 deadline.

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M. R.

Gaebel Tax and Accounting Professionals


Gary Rowe, CPA
Carthage/Watertown
315-493-1862
4/3/23

Tax Filing Extension For Some New York State Storm Victims
The following is a summary of a recent IRS update: IR-2023-58. Residents in St. Lawrence County
have had an extension issued by the IRS for tax filings.
“WASHINGTON — New York winter storm and snowstorm victims now have until May 15, 2023, to
file various federal individual and business tax returns and make tax payments, the Internal Revenue
Service announced today.
The IRS is offering relief to any area designated by FEMA as a result of storms that occurred between
Dec. 23 and Dec. 28, 2022. This means that individuals and households that reside or have a business in
Erie, Genesee, Niagara, St. Lawrence and Suffolk counties qualify for tax relief.
The tax relief postpones various tax filing and payment deadlines that occurred starting on Dec. 23, 2022.
As a result, affected individuals and businesses will have until May 15, 2023, to file returns and pay any
taxes that were originally due during this period.
This includes 2022 individual income tax returns due on April 18, as well as various 2022 business
returns normally due on March 15 and April 18. Among other things, this means that eligible taxpayers
will have until May 15 to make 2022 contributions to their IRAs and health savings accounts.
In addition, farmers who choose to forgo making estimated tax payments and normally file their returns
by March 1 will now have until May 15, 2023, to file their 2022 return and pay any tax due. The May 15,
2023, deadline also applies to the quarterly estimated tax payments, normally due on Jan. 17, 2023, and
April 18, 2023. This means that individual taxpayers can skip making the fourth quarter estimated tax
payment, normally due Jan. 17, 2023, and instead include it with the 2022 return they file on or before
May 15.
The May 15 deadline also applies to the quarterly payroll and excise tax returns normally due on Jan. 31
and April 30, 2023. In addition, penalties on payroll and excise tax deposits due on or after Dec. 23, 2022,
and before Jan. 9, 2023, will be abated as long as the tax deposits were made by Jan. 9, 2023.
The tax relief is part of a coordinated federal response to the damage caused by these storms and is based
on local damage assessments by FEMA. For information on disaster recovery,
visit DisasterAssistance.gov.”

You can be assured that the year-round professionals at M.R. Gaebel are constantly staying up to date of
the most recent rules enacted (or proposed) by the IRS and utilize that knowledge. M.R. Gaebel has a
considerable number of clients in St. Lawrence County, the closest affected county. For more information,
please contact M.R. Gaebel at 315-493-1862.

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