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Filing Extension for Calif WildFire Victims

Posted by taxguru on October 13, 2017

This has been a terrible past few months for huge disasters.

As I expected, IRS has just announced that they are giving the victims of the current California wildfires the same extended due date as they earlier provided for hurricane victims, January 31, 2018 for their 2016 tax returns, which would otherwise have been due in by this coming Monday, October 16.

IRS Gives Tax Relief to Victims of California Wildfires; Extension Filers Have Until Jan. 31 to File

As this announcement explains, this special extension applies to individuals and businesses located in the fire area, as well as those who reside outside the fire zone, who have been helping to fight the inferno and assist in the relief efforts.

As with any disaster of this magnitude, the Tax Code allows the unreimbursed loss to be deducted on either the current year’s (2017) tax returns or on the previous year’s (2016).  I explained more about how this process works in my post on Hurricane Harvey tax breaks


Update 10/13/2017
: As is their normal practice, the California FTB has announced their agreement to honor the IRS’s extended 2016 filing deadlines (until 1/31/18)  for those who have been affected by the current wildfires, as well as the recent hurricanes.

California Taxpayers Impacted by Wildfires Receive More Time to File, Pay

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