Not-for-Profit Notebook

Practical insight and analysis on the accounting, audit and tax issues impacting not-for-profit organizations.

Hurricane Lee: Filing Postponement for Maine and Massachusetts

The IRS offered some relief on September 25 to taxpayers in Maine and Massachusetts after Hurricane Lee. For those affected by the hurricane, federal individual and business returns, as well as tax payments, will not be due until February 15, 2024.

New Website CardsBlog Dimensions (9)

This relief is offered to any area designated by the Federal Emergency Management Agency (FEMA). Every county in Maine and Massachusetts qualifies for relief, meaning that any individual, household or business in these counties qualifies for relief.

Various tax filing and payment deadlines from September 15, 2023, through February 15, 2024, fall within the postponement period. Therefore, returns and any taxes originally due during this period are postponed. They are not due until February 15, 2024.

For example, the following are some of the filings that will be due February 15, 2024, for affected taxpayers:
  • Calendar-year partnerships and S corporations whose 2022 extensions run out on September 15, 2023
  • Calendar-year corporations whose 2022 extensions run out on October 15, 2023
  • Calendar-year tax-exempt organizations whose extensions run out on November 15, 2023
The IRS will also be abating penalties for failing to make payroll and excise tax deposits due on or after September 15, 2023, and before October 2, 2023 – provided taxpayers make those deposits by October 2, 2023.
Taxpayers can visit the IRS Disaster Assistance and Emergency Relief for Individuals and Businesses page for information on other types of returns, payments or other tax-related actions that may qualify for relief during the postponement period.
Relief will be provided automatically to any affected taxpayer with an address of record within the affected area.
It is also possible that a taxpayer may be affected even if the address of record is not located in the disaster area due to having moved after the prior filing into an area designated by FEMA. For these situations, the IRS may initially assess penalties, but after speaking with the IRS, the penalties would be abated.
If you believe your organization may have been affected and have questions, please contact BBD today so we can assist you.


Contact BBD