2023-10-16-KPMG_Global-United_States_–_Relief_for_Certain_Taxpayers_Affected_by_Attacks_in_Israel_3页_264kb

Summary of IRS Notice 2023-71

• Purpose: The IRS has granted extensions for tax filing and payment deadlines for individuals and entities affected by terrorist attacks in Israel beginning on October 7, 2023, due to extreme conditions in the region.
• Deadline Extension: Most deadlines are extended until October 7, 2024, including extensions for 2022 tax returns, quarterly estimated payments, and specific filings.
• Eligible Taxpayers: Includes those with principal residence or business in Israel, the West Bank, or Gaza; those with records or a tax preparer in these areas; victims of the attacks or their spouses; aid workers, and others assisting in the covered areas.
• How to Apply: Extensions may be automatic for some taxpayers based on prior returns or can be obtained by contacting the IRS disaster hotline. Penalties may be abated upon request.
• Key Affected Deadlines: Includes extensions for filing and paying 2022 returns and payments, various other tax obligations, and quarterly reports.
• Source: Refer to IRS Notice 2023-71 for full details.

The IRS will continue monitoring the situation for potential further relief. This should provide significant relief to affected taxpayers and businesses.