Important Alert: South Carolina Announces Tax Relief for Taxpayers Impacted by Hurricane Ian
On Monday, October 10, 2022, the South Carolina Department of Revenue (SCDOR) issued SC Information Letter #22-19 which provides certain South Carolina taxpayers relief as a result of the impacts of Hurricane Ian.
The guidance provides eligible taxpayers whose 2021 South Carolina tax return has a deadline falling on or after September 25, 2022, through February 15, 2023, an extension of time to file those returns through February 15, 2023. The guidance specially states that this relief also applies to quarterly estimates for corporations originally due December 15, 2022, and those due January 17, 2023 for taxpayers other than corporations.
The relief granted by the SCDOR applies to “individuals and businesses located in South Carolina who have been affected by the hurricane, taxpayers who have businesses in South Carolina whose operations have been affected by the hurricane, those whose tax records are located in South Carolina, those whose returns are prepared by tax professionals in South Carolina, and relief workers.”
Click Here – for more information about the tax relief provided by the IRS for federal tax purposes.
As always, please do not hesitate to reach out to your trusted BRC tax advisor with any questions.