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SACRAMENTO – Business owners and taxpayers impacted by California’s winter storms are now eligible for emergency tax relief from late payment interest and penalties.
“California is moving with the urgency this moment demands, rapidly bringing support to Californians recovering from the devastating impact of the recent storms,” said Governor Gavin Newsom. “Business owners across the state can now access much-needed assistance to help accelerate their recovery efforts, including relief from interest and penalties.”
Impacts of the storms have been felt throughout the state, and small business owners who have been affected by flooding, power outages, and other storm-related hardships may request up to an additional three months to file their tax returns. Taxpayers who face return deadlines between January 4, 2023 and January 31, 2023 who are granted relief will not have to pay interest and penalties if they are unable to file their returns and pay taxes and fees by the original due date.
“Help is available for California businesses,” California Department of Tax and Fee Administration Director Nick Maduros said. “If you cannot file or make a payment on time because of the storms, please reach out to us, and we can offer some relief.”