Individuals and businesses in the Wrangell Cooperative Association of Alaska Tribal Nation that were affected by severe storms, landslides and mudslides that began on Nov. 20 now have until July to file various federal individual and business tax returns and make tax payments.
The IRS is offering relief to any area designated by the Federal Emergency Management Agency; the relief will be available to other Alaska localities added later to the disaster area. The current list of eligible localities is on the
The relief postpones various filing and payment deadlines that occurred from Nov. 20, 2023, through July 15, 2024. Affected individuals and businesses have until July 15 to file returns and pay taxes originally due during this period.
The new July deadline applies to these deadlines this year:
- Individual income tax returns and payments due on April 15.
- 2023 contributions to IRAs and health savings accounts for eligible taxpayers.
- Quarterly estimated income tax payments due on Jan. 16, April 15 and June 17.
- Quarterly payroll and excise tax returns due on Jan. 31 and April 30.
- Calendar-year partnership and S corp returns due on March 15.
- Calendar-year corporation and fiduciary returns and payments due on April 15.
- Calendar-year tax-exempt organization returns due on May 15.
Penalties for failing to make payroll and excise tax deposits due on or after Nov. 20, 2023, and before Dec. 5, 2023, will also be abated if the deposits were made by last Dec. 5.
The
Anyone who needs an additional tax-filing extension beyond this July 15 for their 2023 federal income tax return should request it electronically by April 15. Though a taxpayer in this disaster area qualifies to request an extension between April 15 and July 15, 2024, a request filed during this period can only be submitted on paper. Whether the extension is requested electronically or on paper, the taxpayer will have until this Oct. 15 to file. Payments are still due on July 15.
The IRS automatically provides filing and penalty relief to any taxpayer with an address of record in the disaster area. If an affected taxpayer does not have an address of record in the disaster area (because, for example, they moved to the disaster area after filing their return), and they receive a late-filing or late-payment penalty notice from the IRS for the postponement period, they should call the number on the notice to have the penalty abated.
The IRS will work with any taxpayer who lives outside the disaster area but has records necessary to meet a deadline occurring during the postponement period in the affected area. Qualifying taxpayers who live outside the disaster area should call the IRS at (866) 562-5227, including workers assisting the relief activities who are with a recognized government or philanthropic organization.
Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses can claim them on either the return for the year the loss occurred (in this instance, the 2023 return normally filed this year) or the return for the prior year (2022). Taxpayers have up to six months after the due date of their federal income tax return for the disaster year (without regard to any extension of time to file) to make the election. For individual taxpayers, this means Oct. 15, 2024.
Taxpayers should write the FEMA declaration number — 4763-DR — on any return claiming a loss.
