We are writing to share an important update released last week by the Internal Revenue Service and the Missouri Department of Revenue regarding the tax relief for individuals and businesses in parts of Missouri that were affected by severe storms, straight-line winds, tornadoes, and floodings that began on March 14, 2025. The City of St. Louis was added to the list due to the storm on May 16, 2025. These taxpayers now have until Nov. 3, 2025, to file various federal and Missouri individual and business tax returns and make tax payments.
Note, the IRS and Missouri relief does not apply to residents of St. Charles County.
IRS release MO-2025-01:
Following the disaster declaration updated by the Federal Emergency Management Agency (FEMA) for the May 16, 2025 storms, individuals and households that reside or have a business in Bollinger, Butler, Callaway, Camden, Carter, City of St. Louis, Dunklin, Franklin, Howell, Iron, Jefferson, Madison, New Madrid, Oregon, Ozark, Perry, Phelps, Reynolds, Ripley, Scott, Shannon, St. Louis County, Stoddard, Wayne, Webster, and Wright counties qualify for tax relief. See the original FEMA declaration for a listing of the counties impacted by the March 14, 2025 storms.
Key Details:
- Tax Relief for Missouri: IRS and Missouri Department of Revenue grants tax relief to individuals and businesses in counties affected by severe storms, tornadoes, and flooding starting March 14, 2025 & May 16,2025.
- Extended Deadlines: Affected taxpayers now have until November 3, 2025, to file most federal returns and make payments due between March 14 and Nov. 3, 2025.
- Covered Areas: Now includes 26 Missouri counties (e.g., City of Louis, St. Louis, Jefferson).
- Relief Applies To:
-
- 2024 individual income tax returns (originally due April 15, 2025)
- Estimated tax payments due April 15, June 16, and September 15, 2025
- 2024 partnership and S Corp returns (originally due March 17,2025)
- 2024 corporation and fiduciary returns (originally due April 15, 2025)
- 2024 tax-exempt organization returns (originally due May 15, 2025)
- Quarterly payroll and excise tax returns
- Form 5500 series and like-kind exchange deadlines
- Automatic Relief: IRS will automatically apply relief for those in disaster areas; others must call IRS at 866-562-5227
- Missouri does not automatically apply extensions, therefore, the taxpayer will need to file Form MO-60 or Form MO-7004 and write “disaster extension to November 3, 2025” or contact MO DOR if filing
- Casualty Loss Deductions: Can be claimed on 2024 or 2025 returns; FEMA disaster number 4876-DR for March 14, 2025, or 4877-DR for May 16, 2025, should be included
- Installment Agreements: Will not default if payments are missed during relief period; interest and penalties still accrue.
- Additional Relief:
-
- Free copies of prior tax returns (with FEMA number)
- Qualified wildfire relief payments excluded from income
- Special IRA/retirement plan provisions available
- Penalty Abatement: Available for those not eligible under disaster relief if they qualify under reasonable cause.
To know if your county is declared for either disaster, please use the following website and enter your zip code to see if you qualify for relief : https://www.disasterassistance.gov/DAC-RI/location-search.
If you have questions about how these changes affect your specific situation, contact our office to schedule a consultation.
Sincerely,
Abeles & Hoffman, P.C.
