IRS Postpones Deadlines for Taxpayers Impacted by Terrorist Attacks in Israel by Angie Adames, CPA
Posted on November 15, 2023
by
Angie Adames
The IRS is delaying various U.S. tax reporting and filing deadlines for businesses and individuals directly impacted by the Oct. 7, 2023, terrorist attacks on Israel. Qualifying taxpayers described below now have until Oct. 7, 2024, to file various federal returns, make tax payments and perform other time-sensitive tax-related actions.
- Individuals whose principal residence or business is located in the impacted coverage area of Israel, Gaza or the West Bank
- Any individual, business or sole proprietor, or estate or trust whose books, records or tax preparer is in the covered area
- Any person killed, injured or taken hostage during the terrorist attacks
- Any individual affiliated with a recognized government or philanthropic organization assisting in the covered area, such as a relief worker
This relief applies to various tax filing and payment deadlines that occurred or will occur during the period from Oct. 7, 2023, through Oct. 7, 2024 (postponement period), including, but not limited to:
- Individuals’ 2022 federal tax return filings when they had a valid extension to file their 2022 federal tax return on Oct. 16, 2023
- Calendar-year corporations’ 2022 tax return filing extensions that expired on Oct. 16, 2023
- Individuals’ and businesses’ 2023 federal tax returns and payments that are normally due on March 15, 2024, and April 15, 2024
- Individuals’ quarterly estimated income tax payments typically due on Jan. 16, April 15, June 17 and Sept. 16, 2024
- Businesses’ quarterly payroll and excise tax returns that are normally due on Oct. 31, 2023, and Jan. 31, April 30 and July 31, 2024
- Calendar-year tax-exempt organizations whose filing extensions run out on Nov. 15, 2023
- Retirement plan contributions and rollovers
The IRS automatically identifies taxpayers qualifying for this relief based on their previously filed returns. If you believe you also qualify for relief or if you receive a late filing or late payment penalty notice from the IRS, contact your tax accountants and advisors.
About the Author: Angie Adames, CPA, is a director of Tax Services with Berkowitz Pollack Brant Advisors + CPAs, where she provides tax and consulting services to real estate companies, manufacturers and closely held entities. She can be reached at the CPA firm’s Miami office at (305) 379-7000 or via email at info@bpbcpa.com.
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