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17132: IRS - Disaster Relief for OK Winter Storm Victims


Hurricane + Disaster Relief

IRS - Disaster Relief for Oklahoma Winter Storm Victims


The IRS announced that certain taxpayers affected by the February 2021 winter storms have extended deadlines. In Drake Tax, a disaster designation can be entered on the MISC screen (see Related Links below for details). For more information, see the full IRS news release

"OK-2021-01, February 25, 2021

OKLAHOMA — Victims of winter storms that began February 8, 2021 now have until June 15, 2021, 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 will receive tax relief.

Individuals and households affected by severe winter storms that reside or have a business in all 77 counties in Oklahoma 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 February 8, 2021, and before June 15, 2021 are postponed through June 15, 2021. This includes 2020 individual and business returns normally due on April 15, as well as various 2020 business returns due on March 15. Taxpayers also have until June 15 to make 2020 IRA contributions.

The June 15, 2021 deadline applies to the first quarter estimated tax payment due on April 15. It also applies to the quarterly payroll and excise tax returns normally due on April 30, 2021. In addition, it applies to tax-exempt organizations, operating on a calendar-year basis, that have a 2020 return due on May 17, 2021. In addition, penalties on deposits due on or after February 8, 2021 and before February 23, 2021, will be abated as long as the tax deposits were made by February 23, 2021.

If an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement period, the taxpayer should call the telephone number on the notice to have the IRS abate the penalty. For information on services currently available, visit the IRS operations and services page at IRS.gov/coronavirus.

The IRS automatically identifies taxpayers located in the covered disaster area and applies filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area should call the IRS disaster hotline at 866-562-5227 to request this tax relief."


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