Deadline to file 2019 and 2020 Forms 990-PF and 990-T to get penalty relief postponed in declared disaster areas (COVID-19)
IRS reminder
COVID penalty relief postponed in declared disaster areas
The IRS today issued a reminder to taxpayers in areas covered by certain Federal Emergency Management Agency (FEMA) disaster declarations that they may have more time to file their returns to qualify for the penalty relief under Notice 2022-36 for their 2019 and 2020 tax returns.
Background
The IRS in August 2022 issued Notice 2022-36, providing relief from certain failure to file penalties with respect to tax returns for tax years 2019 and 2020 that were filed on or before September 30, 2022, including Forms 990-PF and 990-T. However, it did not include relief for organizations that file Forms 990 or 990-EZ. Read TaxNewsFlash
Deadline to get COVID penalty relief postponed in declared disaster areas
Today’s IRS release—IR-2022-185—explains that certain taxpayers, including private foundations and exempt organizations with unrelated business tax liability, that reside or have a business in recently declared FEMA disaster areas have postponed deadlines to file the return to get this relief, as noted below.
- Areas with a deadline of November 15, 2022, include:
- Counties in Missouri identified under FEMA’s Major Disaster Declaration 4665
- Counties in Kentucky identified under FEMA’s Major Disaster Declaration 4633
- The island of St. Croix in the U.S. Virgin Islands
- Members of the Tribal Nation of the Salt River Pima Maricopa Indian Community
- Areas with a deadline of February 15, 2023, include:
- Florida
- Puerto Rico
- North Carolina
- South Carolina
- Areas in Alaska identified under FEMA’s Major Disaster Declaration 4672
- Hinds County, Mississippi
For more information, contact a tax professional with KPMG’s Washington National Tax practice:
Ruth Madrigal | ruthmadrigal@kpmg.com
Preston Quesenberry | pquesenberry@kpmg.com
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