IRS Extends September 15 Tax Filing Deadline for Taxpayers in NYC Due to Hurricane Ida
A member of a New York City limited liability company (LLC) that is located in Kings County asked me whether the deadline for filing the LLC’s 2020 tax return (Form 1065) is today. The LLC files as a calendar-year partnership. It filed an extension (Form 7004) before March 15, 2021.
The answer is that the LLC’s tax return would have been due today, September 15, 2021. But on September 9, 2021, in NY-2021-01, the Internal Revenue Service (IRS) announced tax relief for New York victims of remnants of Hurricane Ida and extended the deadline to January 3, 2022.
NY-2021-01 states, in relevant part:
Victims of remnants of Hurricane Ida that began September 1, 2021 now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
Following the recent disaster declaration issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in certain areas will receive tax relief.
Individuals and households affected by Hurricane Ida that reside or have a business in Bronx, Kings, Nassau, New York, Queens, Richmond, Suffolk, Sullivan and Westchester counties qualify for tax relief. The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after September 1, 2021, and before January 3, 2022, are postponed through January 3, 2022.
This means that individuals who had a valid extension to file their 2020 returns, due to run out on October 15, will now have until January 3, 2022 to file. The IRS noted, however, that because tax payments related to these 2020 returns were due on May 17, 2021, those payments are not eligible for this relief.
Businesses with extensions also have the additional time including, among others, calendar-year partnerships and S corporations whose 2020 extensions run out on September 15, 2021 and calendar-year corporations whose 2020 extensions run out on October 15, 2021.
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The IRS automatically identifies taxpayers located in the covered disaster area and applies filing and payment relief. . . .
Special thanks to Deborah Innocent, Esq. (a lawyer in Queens, New York, specializing in tax, real estate, and trusts and estates) for helping me answer this question.