Disaster Declaration Means Tax Relief for Affected California Residents and Businesses

After the President declared California's Lake and Calveras counties federal disaster areas, the IRS reported plans to provide relief for victims of the Valley and Butte fires. This means some deadlines between September 12, 2015 and January 15, 2016 will be postponed until the latter date, which includes the following:

• Estimated Tax Deadline: September 15
• 2014 Corporate and Partnership Returns on Extension: September 15
• 2014 Filing Extension Deadline: October 15

While affected taxpayers living inside the disaster area have tax relief automatically applied, those "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."

For further information on grants of relief, casualty losses, and more, click here.

Source: Internal Revenue Service