IRS Provides Tax Relief for Vermont Flood Victims

Flood victims in Vermont now you have until November 15, 2023 to file individual and business tax returns and to pay taxes originally owed between July 9, 2023 and November 15, 2023.

The specific exemption postpones the filing deadline for any return with a due date on or after July 9, 2023. The exemption includes individual and business returns that are due on September 15, 2023 or October 16, 2023. Please note that for the exemption to be granted a valid extension must have been filed for the taxpayer or business entity. Returns without valid extensions do not qualify for relief and are subject to failure-to-file penalties from the return’s original due date until the return is filed.

The relief also gives taxpayers until November 15, 2023 to make quarterly payments of estimated income taxes due September 15, 2023. Penalties on payroll tax deposits and excise taxes due after on July 9, 2023 but before July 25, 2023 will be reduced as long as payments are made on or before July 25, 2023. Please note that individual income tax obligations due on April 18, 2023 are not eligible for penalty relief.

Flood victims who reside or have a business anywhere in Vermont qualify for this relief. Taxpayers living outside the affected area who qualify for relief should call the IRS at 866-562-5227. Nonprofit or government relief agency workers assisting with flood relief efforts should also call the IRS, but are also eligible for extended filing and payment deadlines, as applicable.

Information on how to claim disaster-related tax losses is available at IRS Publication 547 and additional information on relief provisions is available at the disaster relief page at irs.gov.

Disaster-affected taxpayers should know that they can still receive notices from the IRS about late returns and payments. Taxpayers should review any additional information included with those notices before attempting to contact the IRS about the problem.