Disaster Assistance and Emergency Relief for Individuals and Businesses
Victims of the wildfires that took place beginning on Oct. 8, 2017 in parts of California may qualify for tax relief from the Internal Revenue Service. Individuals who reside or have a business in Butte, Lake, Mendocino, Napa, Nevada, Sonoma, and Yuba Counties may qualify for tax relief. The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 866-562-5227 to request this tax relief.
Link to full press release on IRS Tax Relief for Victims of Wildfires in California
IRS Help During Disasters
We know that major disasters and emergencies in your area will affect many families and businesses. While we hope you are spared any loss, we realize this may not be true for everyone, and we want to let you know how the IRS can help.
Tax Topic 515 - Casualty, Disaster, and Theft Losses
Casualty losses can result from the destruction of or damage to your property from any sudden, unexpected, and unusual event such as a flood, hurricane, tornado, fire, earthquake or even volcanic eruption.
Disaster Assistance Self-Study
The Disaster Assistance Self-Study provides the basic information needed to assist taxpayers in a disaster. It provides the volunteer practitioner disaster representative member with information on distributing Disaster Kits, computing gains/losses as the result of a disaster, information about administrative tax relief and information about the psychological effects of a disaster on its victims.