Oakland accountant Jong Lee of The Lee Accountancy advised that despite the extensions to filing and payment deadlines, taxpayers should make sure to leave themselves enough time to file and pay, t…
The IRS has delayed this year’s federal tax deadline until Oct. 16 for Bay Area residents and business owners as part of a special reprieve for parts of California affected by severe winter storms. But the state has not followed suit and it’s unclear whether it will.
In California, tax authorities previously matched the May 15 federal-level extension for all Bay Area counties, but as of Tuesday afternoon, they had not conformed to the second IRS delay. The bottom line? While Bay Area residents can technically put off filing their federal tax returns, they may still need to get all of their paperwork in order by spring for state returns.
But Oakland accountant Jong Lee of The Lee Accountancy advised most taxpayers to leave themselves time to file and pay, avoiding possible penalties and interest.Residents and business owners in Santa Clara, San Mateo, Alameda, Contra Costa, Solano, San Francisco, Marin, Sonoma, Napa and Santa Cruz counties are among those across the state qualifying for the federal-level delay — even if they were not directly affected by the catastrophic weather and flooding, the IRS said.
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