October 11, 2024
IRS Assistance Offered to Victims of Hurricanes Helene and Milton
The IRS has issued a 2023 tax year filing update wherein taxpayers in Alabama, Florida, Georgia, North Carolina, South Carolina, and parts of Tennessee and Virginia who were granted extensions to file their 2023 returns now have until May 1, 2025, to submit their filings. However, this extension does not apply to 2023 tax payments.
For more information, refer to the IRS News Release.
What does the IRS 2023 Tax Year Filing Update mean for your nonprofit organization?
The IRS has extended the deadline for filing your IRS Form 990 for the 2023 tax year. You now have until May 1, 2025, to file your 990 without incurring any penalties. Please note that this extension applies solely to your 2023 return and does not affect the filing deadline for your 2024 return.
What does the IRS 2023 Tax Year Filing Update mean for your charitable state registrations?
Many states will offer a special extension to align with the additional time granted by the IRS for filing your 2023 return. To receive this extension, a request should be submitted to each state, referencing the IRS announcement of the extended deadline.