Has your business or tax profession been a victim of a personal data breach?A data breach is the intentional or unintentional release or theft of secure information. It can be a phishing scheme or a sophisticated cyber-attack on business computers by criminals. Criminals use this data around the country to file fraudulent tax returns. This could have a negative effect on the victim's tax accounts with state tax agencies. If your business or tax profession has been a victim of a personal data breach, you should provide notice to states be emailing [email protected]. Latest News:Relief for victims of water crisis in MississippiMississippi announced they will follow the federal extension due date of February 15, 2023, granted to victims of the water crisis beginning August 30, 2022. Taxpayers who reside, with businesses or records in Hinds County now have until February 15, 2023, to file any of the following due between August 30, 2022, and February 15, 2023:
Taxpayers located within this area with a valid extension to file their 2021 tax returns now have until February 15, 2023, to file the returns. The extension does not apply to other tax types or payments due on prior liabilities. Any disaster area taxpayer who receives a penalty notice should contact Mississippi DOR at (601) 923-7700 to receive abatement. New Mexico Taxpayers in Disaster Areas Granted Filing ExtensionsTaxpayers in New Mexico’s Colfax, Lincoln, Los Alamos, Mora, Sandoval, San Miguel and Valencia counties qualify for extended tax filing deadlines due to their recent designations as federal disaster areas resulting from this year’s wildfires and subsequent flooding. New Mexico personal income tax and corporate income tax filers in these counties now have until Sept. 30, 2022, to submit their federal and state income tax returns due on or after Apr. 5, 2022, and before Sept. 30, 2022. Taxpayers required to file under other New Mexico tax programs, including gross receipts, compensating and withholding tax, oil and gas taxes, combined fuel tax, and other excise taxes, with due dates between May 25 and Sept. 25, 2022, now have until Sept. 25, 2022, to file. The extensions waive late-filing penalties and interest for taxes due, if received by the extended deadline. Full disaster recovery information is available in The New Mexico Bulletin 100.42, and the IRS disaster relief page has information on other returns, payments and tax-related actions qualifying for the additional time. Missourians in Storm-Affected Areas Granted Filing ExtensionsStorm victims residing or with businesses in Missouri’s Independent City of St. Louis, as well as St. Charles, Montgomery, and St. Louis counties now have until Nov. 15, 2022, to file various individual and business tax returns, and make tax payments, according to the IRS. This means individuals who had a valid extension to file their 2021 return due to run out on Oct. 17, 2022, now have until Nov. 15, 2022, to file. The IRS noted, however, that because tax payments related to these 2021 returns were due on April 18, 2022, those payments are not eligible for this relief. The Nov. 15, 2022, deadline also applies to quarterly estimated income tax payments due on Sept. 15, 2022, and the quarterly payroll and excise tax returns normally due on Aug. 1 and Oct. 31, 2022. IRS Extends Tax Relief, Filing Extensions to Kentucky Flood VictimsStorm victims in parts of Kentucky now have until Nov. 15, 2022, to file various individual and business tax returns, and make tax payments, according to the IRS. Any area designated by the Federal Emergency Management Agency as qualifying for individual or public assistance will receive relief. The current list of eligible localities and qualifying payment types are available on the IRS’s disaster relief page, with additional relief resources available on the state of Kentucky’s flood resources page. FTA Provides Feedback to Senate Finance Committee on 2022 Filling SeasonIn response to the Senate Finance Committee’s hearing on Feb. 17, FTA provided feedback on the key issues facing state tax administration during this filing season. FTA’s comments to the Committee focused the intersection between the federal and state tax codes, revenue collection from the last few years, and the structure of state departments of revenue. To read FTA’s feedback, please click here.
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