Tax Deadlines Delayed Following Attacks in Israel

The IRS has pushed back tax filing and payment deadlines for people and businesses impacted by the violence in Israel. Taxpayers that qualify will have up to an additional year to file federal returns, make tax payments, and satisfy other tax-related requirements. Specifically, any federal tax deadline from Oct. 7, 2023 (i.e., the first day of the recent attacks by Hamas), to Oct. 6, 2024, will be extended to Oct. 7, 2024, for eligible taxpayers. Filing and payment due dates that fall within this timeframe include:

• Extended individual income tax returns for the 2022 tax year due on Oct. 16, 2023 (the extension only applied to filing the return, not to paying taxes for the 2022 tax year, which should have been paid by April 18, 2023)
• Extended corporate income tax returns for the 2022 tax year due on Oct. 16, 2023 (again, these extensions were for the filing of returns, not the payment of tax)
• Individual and business returns and payments for the 2023 tax year due on March 15 and April 15, 2024
• Estimated income tax payments due on Jan. 16, April 15, June 17, and Sept. 16, 2024
• Quarterly payroll and excise tax returns due on Oct. 31, 2023, and Jan. 31, April 30, and July 31, 2024

In addition, the extension to Oct. 7, 2024, applies to various returns and payments for the federal estate tax, gift tax, generation-skipping transfer tax, excise taxes (other than firearms tax), harbor maintenance tax, and employment tax. Qualified people can delay retirement plan contributions and rollovers normally due within the extension period, too. The tax relief also impacts the deadline for filing a petition with the Tax Court, filing a claim for a tax credit or refund, and bringing a lawsuit to claim a credit or refund. Other tax-related deadlines within the extension period are pushed back to Oct. 7, 2024, too. Related: When Are Taxes Due [2023 Tax Calendar for the Entire Year]

Who Qualifies for the Extended Tax Deadlines

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According to the IRS, this relief is available to:

• Any person whose principal residence is located in Israel, the West Bank or Gaza (the “covered area”)
• Any business entity or sole proprietor whose principal place of business is located in the covered area
• Any person affiliated with a recognized government or philanthropic organization and who is assisting in the covered area (e.g., as a relief worker)
• Any person, business entity or sole proprietor, estate, or trust whose tax return preparer or records necessary to meet a tax deadline are located in the covered area
• Any person visiting the covered area who was killed, injured, or taken hostage during the terrorist attacks
• Any spouse of an affected person, but only with regard to a joint return of married couple

The IRS will use previously filed tax returns to identify people and businesses whose principal residence or principal place of business is in the covered area. The tax relief will automatically be available to these taxpayers. Other taxpayers should call the IRS disaster hotline at 866-562-5227 to request relief (international callers can dial 267-941-1000). Related: 10 Year-End Tax Planning Tips to Lower Your 2023 Tax Bill

More Time for the IRS, Too

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The IRS is also given more time to take certain actions against affected taxpayers that would normally be due from Oct. 7, 2023, to Oct. 6, 2024. Government actions that are extended to Oct. 7, 2024, include:

• Assessing taxes
• Providing notice or demanding payment of any tax
• Collecting any tax liability
• Bringing a lawsuit for any tax
• Allowing a tax credit or refund

Again, extensions for other IRS apply as well. Related:

• 30 Tax Statistics and Facts That Might Surprise You
• 11 Ways to Avoid Taxes on Social Security Benefits
• What Federal Tax Bracket Are You In?
• 11 Education Tax Credits and Deductions for 2023