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PTIN Pay is a pioneering compensation initiative designed to elevate the earning potential of tax preparers. By introducing a performance-based model, PTIN Pay aims to recognize and reward the valuable contributions of tax professionals in the industry.

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Victims of severe winter storms, flooding, landslides and mudslides in California beginning March 9, 2023, now have until Oct. 16, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

Following the disaster declaration issued by the Federal Emergency Management Agency, individuals and households affected by severe winter storms, flooding, landslides and mudslides that reside or have a business in these 42 counties qualify for tax relief.

Alpine

Fresno

Lake

Mono

Plumas

San Mateo

Sonoma

Amador

Glenn

Los Angeles

Monterey

Sacramento

San Luis Obisco

Stanislas

Butte

Humboldt

Madera

Napa

San Benito

Santa Barbara 

Trinity 

Calaveras

Imperial

Mariposa

Nevada

San Bernardino

Santa Clara

Tulare 

Del Norte

Inyo Kern

Mendocino

Orange

San Francisco

Santa Cruz

Tuolumne 

El Dorado

Kings

Merced

Placer

San Joaquin

Sierra

Yuba Counties

The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after March 9, 2023, and before Oct. 16, 2023, are granted additional time to file through Oct. 16, 2023. As a result, affected individuals and businesses will have until Oct. 16 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 Oct. 16 to make 2022 contributions to their IRAs and health savings accounts.

The Oct. 16, 2023, deadline also applies to any payment normally due during this period, including quarterly estimated tax payments, quarterly payroll and excise tax returns. In addition, 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.

Contact MKG Tax Consultants for a free extension filing 

Office (559) 412-7248

https://mkgtaxconsultants.com/about-us/contact-us/