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Level 5
January 13, 2023
Solved

2022 tax filing extended for CA storm victims

  • January 13, 2023
  • 3 replies
  • 9 views

For taxpayers located in federal declared "CA storm victims" counties, will Lacerte automatically extend form 1040 due date to 5/15/2023?

If not, how can we override filing due date in the program?

This topic has been closed for replies.
Best answer by amec

The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area.

See Treas. Reg. § 301.7508A-1

 

 

3 replies

rbynaker
Level 13
January 14, 2023

IMO these disaster extensions bring disaster to folks who were otherwise unaffected.

I can't speak to what Lacerte may or may not do but:

1) If you're planning on filing an extension anyway, do it by the April due date.  Historically you've been unable to efile them (or file them via DirectPay) after the pre-disaster deadline.  The IRS computers are not equipped to understand what you're trying to do.  In most cases in the past if you need to file an extension between 4/15 (or 16, 17, 18 whatever day of the week we're on this year) and the disaster deadline you have to file ON PAPER.  Which then sits in a trailer waiting to be opened until likely long after you've efiled the return and the IRS has assessed penalties.  You can eventually argue your way out of them but be sure to bill your clients way more than they "saved" by holding onto the money for an extra month.

2) If you're not filing an extension, file on time.  Clients can make a tax payment on DirectPay by the disaster extended deadline.  But even then, unless we're talking millions of dollars, the time value of one month is much lower than the stress cost of trying to get someone at the IRS to fix something if it goes wrong.

 

hgtcAuthor
Level 5
January 14, 2023

just want to make sure I understand correctly.  If taxpayer lives in disaster area, but, was not affected by the storms, then, the extension rule does not apply to him?

Level 3
January 23, 2023

Is there a box to check in Lacerte?  Or will the software pick up on the zip code?

Level 2
February 3, 2023

Has anyone seen an input in Lacerte that will change the letter to the May 15th date based on zip code, or County input?  Or will this have to be done manually? 

Level 3
February 3, 2023

No box to check, you can enter the revised due date to print in the letter.  If you want to e-pay the balance due, the letter says that the payment will be made on May 15, but I'm a little concerned about that being true.  2 phone calls later, I still don't feel comfortable that will happen correctly.