Flooding, Severe Weather in 2023 Delay Federal Tax Deadlines for Certain Michigan Taxpayers

Earlier this month, several counties in Michigan were declared Federal disaster areas by the Federal Emergency Management Agency (“FEMA”) because of the severe storms, tornadoes and flooding that occurred in August 2023. As a result, the IRS has delayed the filing deadline for certain affected taxpayers.

With the filing season in full swing, we strongly encourage and recommend our clients to continue to gather and submit information needed to prepare tax returns and file their returns in accordance with the March and April 15 deadlines. In certain circumstances, a delayed filing may be beneficial for affected taxpayers with significant balances due or waiting on the impending Tax Relief for American Families and Workers Act of 2024

The delayed deadline applies to taxpayers in the following counties: Eaton, Ingham, Ionia, Kent, Livingston, Macomb, Monroe, Oakland, and Wayne. Any Michigan localities that are added to the disaster area later will also be eligible.

Deadlines postponed to June 17

The extension applies to a number of federal tax filing and payment deadlines from Aug. 24, 2023, through June 17, 2024, including.

• Individual income tax returns and payments due on April 15, 2024.
• Quarterly estimated income tax payments that would have been due on Sept. 15, 2023, Jan. 16, 2024, and April 15, 2024.
• Quarterly payroll and excise tax returns that would have been due on Oct. 31, 2023, Jan. 31, 2024, and April 30, 2024.
• 2023 contributions to IRAs and health savings accounts for eligible taxpayers
• Calendar-year partnership and S corporations with a valid tax-year 2022 extension that expired on Sept. 15, 2023, or have a 2023 return normally due on March 15, 2024.
• Calendar-year corporations and fiduciaries with a valid tax-year 2022 extension that expired on Oct. 16, 2023, or have a 2023 return and payment normally due on April 15, 2024.
• Calendar-year tax-exempt organizations that had a valid tax-year 2022 extension that expired on Nov. 15, 2023, or have a 2023 return normally due on May 15, 2024.

The extension will also apply to individuals and businesses with a valid extension to file their 2022 returns but will not apply to payments from tax year 2022 because they were due in Spring 2023.

Michigan Department of Treasury allows requests for extensions of state deadlines

Taxpayers in the previously mentioned counties now have an opportunity to request additional time to file Michigan income tax returns and make payments free of penalties or interest. Individuals seeking additional time to file due to this disaster should contact Treasury at 517-636-4486. Businesses are asked to call 517-636-6925. Impacted taxpayers may also submit a written request for disaster-related relief including specific information that can be found here.

If you have questions about this deadline, please contact your UHY professional.