Important Tax Relief Update for California Wildfire Victims: Filing Deadlines Extended

In light of the recent wildfires in California, we wanted to inform you of important updates regarding Tax Relief for those impacted by these devastating events, particularly in Los Angeles County.

The tax relief postpones various tax filing and payment deadlines that occurred from Jan. 7, 2025, through Oct. 15, 2025 (postponement period). As a result, affected individuals and businesses will have until Oct. 15, 2025, to file returns and pay any taxes that were originally due during this period.

We listed below various filings that are extended to October 15th:

Individual Income Tax Return Filing and Payment (Federal & State).
Calendar-year Partnership Income Tax Return Filing and Payment (Federal & State).
Calendar-year Corporation Income Tax Return Filing and Payment (Federal & State).
Calendar-year S Corporation Income Tax Return Filing and Payment (Federal & State).
Calendar-year Fiduciary Income Tax Return Filing and Payment (Federal & State).
Calendar-year Tax-Exempt Organizations Return Filing and Payment (Federal & State).
Minimum Franchise Tax Fee to the State ($800).
LLC Annual Fee.
Quarterly Estimated Tax Payments (both Individual and Businesses).
State of CA (FTB) Pass-through entity (PTE) elective tax payments.
2024 Contributions to IRAs and Health Savings Accounts for eligible taxpayers.

Filing that is extended to April 30, 2025:

2024 Quarter 4 CDTFA Sales and Use Tax, Special Taxes, and other tax filings

Who are affected taxpayers?

Affected taxpayers are defined as:

Individuals whose principal residence is located in a covered disaster area and their spouse, if filing jointly.
Business entities or sole proprietors whose principal place of business is located in a covered disaster area.
Relief workers affiliated with government or philanthropic organizations assisting in a covered disaster area.
Taxpayers not located in a disaster area but whose records necessary to meet a deadline to perform certain acts are maintained or located in a covered disaster area.
Any individual visiting a covered disaster area who was killed or injured as a result of the disaster, or any other person determined by the IRS to be affected by a federally declared disaster.

The extension does not cover filings of:

W-2, 1094, 1095, 1097, 1098, or 1099 series; to Forms 1042-S, 3921, 3922 or 8027; or to employment and excise tax deposits.

If you or your business have been affected by the wildfires and need assistance with tax filings or other related concerns, please don’t hesitate to reach out.

Stay safe, and we are here to help you navigate these updates.

Sources:

https://www.irs.gov/newsroom/irs-announces-tax-relief-for-taxpayers-impacted-by-wildfires-in-california-various-deadlines-postponed-to-oct-15

https://www.irs.gov/businesses/small-businesses-self-employed/disaster-assistance-and-emergency-relief-for-individuals-and-businesses

https://www.ftb.ca.gov/file/when-to-file/los-angeles-county-fires.html

https://www.gov.ca.gov/2025/01/11/california-provides-tax-relief-for-those-affected-by-los-angeles-wildfires/

https://www.cdtfa.ca.gov/news/25-01.htm#:~:text=What%20You%20Need%20to%20Know,taxpayers%20until%20April%2030%2C%202025.

Posted on January 30, 2025