On Friday, February 9, 2024, the IRS issued a notice that provides an extension of time for filing and paying taxes for individuals and business in select parts of West Virginia that were affected by severe storms that began on August 28, 2023. The counties covered by this notice include Boone, Calhoun, Clay, Harrison and Kanawha. Individuals and businesses in these localities qualify for tax extensions for filing returns and paying taxes.
We will continue to update guidance on this issue as it develops. To date, the West Virginia state tax department has not issued a similar notice. Accordingly, there is no change to filing dates for state income tax returns.
For Federal purposes, the June 17, 2024 deadline applies to:
- Individual income tax returns (Form 1040) and payments normally due on April 15, 2024.
- 2023 contributions to IRAs and health savings accounts for eligible taxpayers.
- Quarterly estimated income tax payments normally due on Sept. 15, 2023, Jan. 16, 2024 and April 15, 2024.
- Quarterly payroll and excise tax returns normally due on Oct. 31, 2023, Jan. 31, 2024, and April 30, 2024.
- Calendar-year partnership and S corporations that had a valid tax-year 2022 extension that ran out on Sept. 15, 2023, or have a 2023 return normally due on March 15, 2024.
- Calendar-year corporations and fiduciaries that had a valid tax-year 2022 extension that ran out on Oct. 16, 2023, or have a 2023 return and payment normally due on April 15, 2024.
- Calendar-year tax-exempt organizations that had a valid tax-year 2022 extension that ran out on Nov. 15, 2023, or have a 2023 return normally due on May 15, 2024.
Suttle & Stalnaker requests that you continue to provide tax information to us as you normally would. If this extension would benefit you because of storm damage, please reach out to us to discuss your filing options.