- MyTAXPrepOffice Editorial Group
Some West Virginia Deadlines Postponed Due to Severe Storms
The Internal Revenue Service (IRS) has recently announced tax relief measures for individuals and businesses affected by severe storms, flooding, landslides, and mudslides in parts of West Virginia since August 28, 2023.
Affected taxpayers in designated areas, currently including Boone, Calhoun, Clay, Harrison, and Kanawha counties, now have an extended deadline of June 17, 2024, to file various federal individual and business tax returns and make corresponding payments.
This relief, applicable to areas designated by the Federal Emergency Management Agency (FEMA), will be extended to any additional West Virginia localities added to the disaster area. The updated list of eligible localities is available on the disaster relief page on IRS.gov.
Time Period Covered
The postponement period covers tax filing and payment deadlines from August 28, 2023, through June 17, 2024.
Affected individuals and businesses now have until June 17, 2024, to file returns and pay taxes that were originally due during this period. The relief encompasses various deadlines, including individual income tax returns, contributions to IRAs and health savings accounts, quarterly estimated income tax payments, and returns for partnerships, S corporations, corporations, and tax-exempt organizations.
Affected Areas
The IRS is automatically providing filing and penalty relief to taxpayers with an IRS address of record located in the disaster area.
Those without an IRS address of record in the affected area can contact the IRS to resolve penalty notices resulting from the postponement period. Additionally, the IRS will assist taxpayers living outside the disaster area but with records in the affected region.
Important: For those needing an extension beyond June 17, 2024, to file their 2023 federal income tax return, the IRS recommends requesting it electronically by April 15. However, requests during this period must be submitted on paper.
Affected individuals and businesses with uninsured or unreimbursed disaster-related losses have the option to claim them on either the current year's return or the prior year's return, with an extended election deadline. Qualified disaster relief payments are generally excluded from gross income, offering financial relief to affected taxpayers.
The IRS emphasizes that additional disaster relief may be provided in the future, and the current measures are part of a coordinated federal response based on local damage assessments by FEMA.
For further information on disaster recovery, individuals can visit DisasterAssistance.gov.
Disclaimer: This article is for informational and educational purposes only and does not constitute legal tax advice. Advanced Tax Solutions is not liable or responsible for any damages resulting from or related to your use of this information. It is your responsibility to refer to official IRS documentation for information regarding any tax laws or tax information shown here.
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