*This does not affect any previously filed tax returns or payments made.*
On Wednesday, September 16, 2020, the IRS announced tax relief for Oregon counties in which FEMA had declared disaster effected areas. This relief means that the IRS has postponed the deadline for certain filings that have deadlines falling between September 7, 2020, and January 15, 2021 (returns extended to a due date of October 15, 2020, are included in this postponement). These filings are now due January 15, 2021. These include:
- Individual Tax returns
- Corporate Tax Returns
- S-Corp Tax Returns
- Partnership Tax Returns
- Estate and Trust Income Tax Returns
- Estimated Tax Payments due September 15, 2020 are also postponed until January 15, 2021 (taxpayer will not be subject for failure to pay estimated tax penalties).
- *This does not extend the filing of any information-only returns (W-2s, 1099s).
- **This does not extend the deposits of excise or employment taxes; however, taxes due between September 7 – September 22, 2020, are now due September 22, 2020.
The affected areas include the counties of:
- Clackamas
- Douglas
- Jackson
- Klamath
- Lane
- Lincoln
- Linn
- Marion
Individuals who live, and businesses whose principal place of business is located, in the covered disaster area will receive this relief. If additional counties are added to the disaster declaration they will automatically receive the same relief. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline are in the covered disaster area, are also entitled to relief.
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 866-562-5227 to request this tax relief. This means that if you are affected and live in the covered disaster area there is generally no action necessary.
If you would like additional information, here is a link to the IRS website to learn more: https://www.irs.gov/newsroom/irs-provides-tax-relief-for-victims-of-oregon-wildfires-oct-15-deadline-other-dates-extended-to-jan-15