WASHINGTON, DC (WWAY) — The Internal Revenue Service today announced tax relief for North Carolina individuals and businesses affected by the severe storms and flooding that began on August 5, 2024. These taxpayers now have until February 3, 2025, to file various federal individual and business tax returns and make tax payments.

Following the Federal Emergency Management Agency (FEMA) disaster declaration, individuals and households with a residence or place of business in Alamance, Alleghany, Anson, Beaufort, Bertie, Bladen, Brunswick, Cabarrus, Camden, Carteret, Caswell, Chatham, Chowan, Columbus, Craven, Cumberland, Currituck, Dare, Davie, Davidson, Duplin, Durham, Edgecombe, Forsyth, Franklin, Gates, Granville, Greene, Guilford, Halifax, Harnett, Hertford, Hoke, Hyde, Iredell, Johnston, Jones, Lee, Lenoir, Martin, Mecklenburg, Montgomery, Moore, Nash, New Hanover, Northampton, Onslow, Orange, Pamlico, Pasquotank, Pender, Perquimans, Person, Pitt, Randolph, Richmond, Robeson, Rockingham, Rowan, Sampson, Scotland, Stanly, Stokes, Surry, Tyrrell, Union, Vance, Wake, Warren, Washington, Wayne, Wilkes, Wilson and Yadkin are eligible for tax relief.

The declaration allows the IRS to delay certain deadlines for filing and paying taxes for taxpayers who reside or operate a business in the disaster area. For example, for certain deadlines that fall on or after August 5, 2024, and before February 3, 2025, additional time is granted until February 3, 2025. As a result, affected individuals and businesses will have until February 3, 2025 to file their tax returns and pay any taxes that were originally due during that period.

The registration deadline of February 3, 2025 applies to:

• Individuals who had a valid extension to file their 2023 tax return that expired on October 15, 2024. However, the IRS determined that the tax payments related to those 2023 returns do not qualify for this relief because they were due on April 15, 2024.
• Entities with an original or extended maturity date, including, but not limited to, calendar-year partnerships and S corporations whose 2023 extensions expire on September 16, 2024, and calendar-year corporations whose 2023 extensions expire on October 15, 2024.

The February 3, 2025 deadline also applies to all payments normally due during that period, including quarterly estimated tax payments due September 16, 2024 and January 15, 2025, and quarterly payroll and excise tax returns normally due October 31, 2024 and January 31, 2025. In addition, penalties on payroll and excise tax deposits due on or after August 5, 2024 and before August 19, 2024 will be waived as long as the tax deposits are made by August 19, 2024.

If an affected taxpayer receives a late filing or late payment notice from the IRS for which the original filing, payment or deposit date falls within the forbearance period, the taxpayer should call the telephone number provided on the notice and request a penalty reduction from the IRS.

The IRS will automatically identify taxpayers located in the affected disaster area and provide tax relief for filing and payment. However, affected taxpayers who reside or have a business outside the affected disaster area should call the IRS Disaster Hotline at 866-562-5227 to request this tax relief. Tax preparers in disaster areas with clients outside the disaster area may use the “Bulk Requests from Practitioners for Disaster Assistance” option described on IRS.gov.