The California Franchise Tax Board (FTB) recently announced that tax relief may be available to certain California taxpayers impacted by the recent wildfires, floods, and mudslides. Specifically, the deadlines for individual income tax returns normally due on April 17, 2018, and quarterly estimated tax payments normally due on January 16, 2018, have been extended to April 30, 2018. More information on how to claim a disaster loss with the FTB is available here.
Businesses affected by fires may also receive tax relief from the California Department of Tax and Fee Administration (CDTFA) for certain penalties and interest, and extensions of time to file tax or fee returns. Details on CDTFA tax relief due to natural disasters is available here.
