BobKamman
Level 15
‎02-20-2021 04:15 PM

Code Section 7508A grants an automatic 60-day extension to taxpayers living in federally-declared major disaster areas, for obligations that include filing federal tax returns and paying federal taxes.

The 60-day period begins with the first date specified in the disaster declaration, which I believe is February 11 (haven’t found it posted anywhere yet). That would be April 11 or thereabouts. But it ends 60 days after the “latest incident date” specified in the declaration. I don’t think we have reached that date yet, so it looks like Texas taxpayers in at least 77 counties will have some sort of extension.

IRS (technically, Treasury) can extend the date by up to a year.

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Terry53029
Level 15
Level 15
‎02-21-2021 12:44 PM

Here is IRS link: https://www.irs.gov/newsroom/irs-announces-tax-relief-for-texas-victims-of-severe-storms-and-floodin...

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BobKamman
Level 15
‎02-21-2021 01:49 PM

That's for the June 2019 storms.  Texas has a lot of them.  We'll porbably see something from IRS later this week.  

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sjrcpa
Level 15
‎02-22-2021 04:30 PM

https://www.irs.gov/newsroom/irs-announces-tax-relief-for-texas-severe-winter-storm-victims

June 15.


The more I know the more I don’t know.
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sjrcpa
Level 15
‎02-22-2021 04:40 PM

I think they'll be revising this:

"The June 15, 2021 deadline applies to the fourth quarter estimated tax payment due on April 15"


The more I know the more I don’t know.
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Klandrum2021
Level 1
‎03-11-2021 03:24 PM

Do we have to file an extension for Corp files on March 15?

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