IRS Grants Tax Relief To California Wildfire Victims

The IRS is extending deadlines for those of you within the Presidental Disaster Area caused by the wildfires.

Taxpayers in the Presidential Disaster Area — consisting of Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura counties — will have until Jan. 31, 2008, to file returns, pay taxes and perform other time-sensitive acts.

The extended deadline applies to items due on or after Oct. 21, 2007, when the fires began, and on or before Jan. 31, 2008. This includes the federal withholding tax return, Form 941, normally due Oct. 31, and the estimated tax payment for the fourth quarter, normally due Jan. 15.

More information about casualty losses and other disaster related issues is available at the IRS’s website.

[IRS]
(Photo:debaird)