IRS Provides Tax Relief to Victims of Storms and Flooding in Missouri and Kentucky

The Internal Revenue Service (IRS) is providing tax relief to victims of storms that caused significant flooding in Missouri and Kentucky. This applies to both individuals and businesses.

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Storm victims in parts of both states now have until November 15, 2022, to file various individual and business tax returns and make tax payments, the IRS said.

The tax relief postpones tax filing and payment deadlines that occurred starting on July 25, 2022 (Missouri) and July 26, 2022 (Kentucky).

This also applies to individuals who had a valid extension to file their 2021 return due to run out on October 17, 2022, and who will now have until November 15, 2022, to file.

However, because tax payments related to these 2021 returns were due on April 18, 2022, those payments are not eligible for this relief.

The November 15, 2022 deadline also applies to quarterly estimated income tax payments due on September 15, 2022, and the quarterly payroll and excise tax returns normally due on August 1 and October 31, 2022.

Businesses with an original or extended due date also have the additional time including, among others, calendar-year partnerships and S corporations whose 2021 extensions run out on September 15, 2022 and calendar-year corporations whose 2021 extensions run out on October 17, 2022.

Payroll / Excise Tax Penalty Relief for Missouri

Penalties on payroll and excise tax deposits due on or after July 25, 2022 and before August 9, 2022, will be abated as long as the deposits were made by August 9, 2022.

Payroll / Excise Tax Penalty Relief for Kentucky

Penalties on payroll and excise tax deposits due on or after July 26, 2022 and before August 10, 2022, will be abated as long as the deposits were made by August 10, 2022.

Who is Eligible for This Tax Relief from the IRS?

The IRS tax relief is available to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual or public assistance.

Missouri – Individuals and households that reside or have a business in the Independent City of St. Louis, as well as St. Charles, Montgomery, and St. Louis counties in Missouri, qualify for tax relief.

Kentucky – Individuals and households that reside or have a business in Breathitt, Clay, Floyd, Johnson, Knott, Leslie, Letcher, Magoffin, Martin, Owsley, Perry, Pike, and Wolfe counties in Kentucky qualify for tax relief.

The same relief will be available to any other locality in either state that is added later by FEMA. The current list of eligible localities is available on the disaster relief page on the Internal Revenue Service’s website.

The information here summarizes the tax relief available to victims of the storms and flooding in Missouri and Kentucky.

Please see the official information from the IRS for each state that may include additional details regarding this tax relief and other benefits or programs that may be available to affected individuals and businesses.

• IRS Tax Relief Information – Missouri: Document: IR-2022-149
• IRS Tax Relief Information – Kentucky: Document: IR-2022-145