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8.15.23 – Super Talk Mississippi

Victims of severe storms that impacted portions of Mississippi in mid-June have until October 16 to file various individual and business tax returns and make tax payments, the IRS has reported.

Following the disaster declaration issued by the Federal Emergency Management Agency, individuals and households affected by the storm damage that live or have a business in Claiborne, Copiah, Covington, Jackson, Jasper, Jefferson, Jefferson Davis, Lawrence, Leake, Neshoba, Newton, Rankin, Scott, Simpson, Smith and Wayne Counties and the Mississippi Choctaw Indian Reservation qualify for tax relief.

The declaration permits the IRS to postpone certain tax filing and tax payment deadlines for those who were impacted by the disastrous elements.

As a result, affected individuals and businesses will have until October 16, to file returns and pay any taxes that were originally due during this period. The updated deadline also applies to the quarterly estimated tax payments, normally due on September 15.

In addition, penalties on payroll and excise tax deposits due on or after June 14 and before June 29 will be abated as long as the tax deposits were made before June 30. In addition, businesses with an original or extended due date including calendar-year partnerships and corporations whose 2022 extensions run out in mid-September also qualify for the mid-October deadline.

The IRS automatically identifies taxpayers located in the covered disaster area and applies for filing and payment relief. Those who reside or have a business located outside the covered disaster area should call the IRS disaster hotline at (866) 562-5227 to request this tax relief.

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