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Tax Relief for North Bay Fire Victims

ProActive Tax SolutionsTax Help Tax Relief for North Bay Fire Victims
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Tax Relief for North Bay Fire Victims

Firefighters are still battling to keep devastating wildfires under control in the North Bay.  Our hearts go out to the fire victims and those in the vicinity threatened by the fires. One ray of good news came from an unlikely source – the Internal Revenue Service (IRS). When the president declared the areas hit by the fires a disaster area, the IRS posted on their website the announcement of tax relief options for fire victims in these areas. Individuals and businesses in the following counties may qualify: Butte, Lake, Mendocino, Napa, Nevada, Orange, Solano, Sonoma, and Yuba.

Hurricanes, Floods, and Fires Thankfully Include Tax Relief for the Victims

What this means for many of those affected, is an extended deadline to file. If you had a valid extension to file for the 2016 tax deadline that would have been due October 16th, you now have until January 31, 2018. The extension will also cover some tax deposit payments due for 2017.

This means automatic filing and penalty relief from the IRS, if they know you are on record as a taxpayer living or doing business in the disaster area. If you live outside the actual disaster area but your records are kept at a site within the affected area, contact the IRS at 866-562-5227, so they can work with you.

Once Governor Jerry Brown declared a state of emergency for the North Bay counties, individuals and businesses became eligible for certain property tax reductions for properties damaged or destroyed by fire. The damages must amount to $10,000 or more.

Where to Find Information Online

The Sonoma County Assessor’s office posted information on their website about working with local fire departments and CAL Fire to ensure that taxes are reduced for properties affected by the fire. This should not require contacting the assessor but for partially damaged property filing a deferral request. Napa County also has tax relief information posted on its site in English and Spanish.

However, with all things related to taxes, it is a good idea to read the fine print to fully understand the filing and payment relief being offered. Better yet, call a professional to help you through the process. Our staff at Proactive Tax Solutions can help relieve the stress and burden of sorting through your tax relief options, so you can concentrate on your more immediate concerns. Call today at 415-924-6240.