• Skip to primary navigation
  • Skip to main content
  • Skip to footer
716-633-1373 8321 Main Street, Williamsville, NY 14221
Tronconi Segarra & Associates

Tronconi Segarra & Associates

Williamsville, Buffalo & Western New York CPA

  • Client Toolkit
  • Request A Proposal
  • Pay Securely Online
  • Home
  • About
  • Our Team
  • Services
    • Accounting & Auditing
      • Financial Statement Auditing
      • Fraud/Forensic Accounting & Auditing
      • Internal Auditing
      • Performance Auditing
      • Governance Services
    • Tax Services
      • Business Taxation
      • U.S./Canadian Border Services
      • Cost Segregation Studies
      • Estates/Trusts/Private Foundations
      • Individual Taxation
      • International Tax
      • State & Local Tax
      • Exempt Organizations
      • Employee Benefit Plan Services
    • Small Business
      • Bookkeeping / General Ledger Services
      • Franchisee Services
      • Accounting for PPP, EIDL & Other COVID-19 Relief Programs
    • Outsourcing
    • State & Local Tax
      • Services – Manage Risk
        • Nexus Study
        • Registration
        • Voluntary Disclosure/Amnesty
        • Tax Research
        • Tax Compliance
        • Audit Defense
      • Services – Add Value
        • Refund Study
        • Utility Study
        • Credits & Incentives
        • Transaction Planning
        • Due Diligence
        • Outsourcing
      • Insights
    • Transaction Advisory Services (M&A)
    • International / Cross-Border
      • International Tax
    • Consulting Services
      • Executive Level Services
      • Litigation Support Services
      • Valuation Services
      • Succession Planning
    • Governmental Services
  • Industries Served
  • COVID-19
    • ERTC Assistance
    • COVID-19 Resource Center
      • CARES Act
      • Families First Coronavirus Response Act (FFCRA)
      • Coronavirus Preparedness and Response Supplemental Appropriations Act
    • COVID-19 Tax Relief
    • Unemployment Insurance Benefits
    • State & Local Grant and Aid Programs
    • COVID-19 Webinars
    • COVID-19 Blog Posts
    • Paycheck Protection Program: Forgiveness Calculation Services
  • Blog
  • Careers
  • Contact

Severe Winter Storm Relief for Businesses and Individuals in New York State

March 1, 2023

Victims of the New York severe winter storm beginning December 23, 2022, were granted tax relief by the IRS for those areas declared disasters by the Federal Emergency Management Agency (FEMA). The declaration allows the IRS to delay certain tax-filing and tax-payment deadlines for those taxpayers who reside or have a business in the designated disaster areas including Erie and Genesee counties.

Certain deadlines falling on or after December 23, 2022, and before April 18, 2023, will be granted additional time to file by the IRS, including: individual returns, corporate returns, partnership returns, employment tax filings, 5500 retirement plan filings, trust and estate returns, gift and generation skipping transfer tax returns, tax-exempt organization returns and certain excise tax returns.

The April 18, 2023 deadline also applies to quarterly estimated tax payments, normally due on January 17, 2023 and to quarterly payroll and excise tax returns normally due on January 31, 2023. Penalties on payroll and excise tax deposits due on or after December 23, 2022, and before January 9, 2023, will be abated if the tax deposits were made by January 9, 2023.

If an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement period, the taxpayer should call the telephone number on the notice to have the IRS abate the penalty. Generally, the IRS automatically identifies taxpayers located in the covered disaster area and applies filing and payment relief. However, affected taxpayers who reside or have a business located outside the covered disaster area should call the IRS disaster hotline at 1-866-562-5227 to request this tax relief.

Affected taxpayers in a federally declared disaster area also have the option of claiming disaster-related casualty losses that are not covered by insurance or other reimbursements on their federal income tax return for either the year in which the event occurred or the prior year. Consult with your Tronconi Segarra & Associates tax advisor for more information.

Authored by: Joseph M. Becht, CPA, CGMA, Senior Manager, Tronconi Segarra & Associates LLP

Filed Under: FEMA Disaster Relief, General Business, IRS Disaster Relief, Small Business, Tax Relief

Contact Us

  • This field is for validation purposes and should be left unchanged.

Footer

Contact Information

Tronconi Segarra & Associates LLP
8321 Main Street
Williamsville, NY 14221
Phone: 716-633-1373
Fax: 716-633-1099

Ulrich City Centre
175 Walnut Street, Suite 2
Lockport, NY 14094
Phone: 716.438.2190
Fax: 716.438.2450

Contact Us

Links

  • Home
  • About
  • Services
  • Industries Served
  • Leadership Team
  • Blog
  • Careers
  • Contact

Copyright © 2023 Tronconi Segarra & Associates · Terms of Use · Privacy Policy · Site by OMA Comp