Tax-Related Deadline Relief for California Wildfire Victims

The IRS has issued News Release CA-2018-11 announcing tax-related deadline relief for certain California residents who are victims of recent wildfires. In addition to postponement of tax return deadlines falling within dates identified in the news release, the relief includes postponement of deadlines for completing certain time-sensitive tax-related acts specified in Treasury Regulation 301.7508A-1(c)(1).

These acts include completion of rollovers or recharacterizations, correction of certain excess contributions, making plan loan payments, filing Form 5500, and certain other acts under this regulation. For those who qualify, such deadlines falling on or after July 23, 2018, and on or before November 30, 2018, are postponed to November 30, 2018.

The area identified as directly qualifying for relief is currently limited to Shasta County. The relief applies specifically to residents of the identified area, to those whose businesses or records necessary to meet a covered deadline are located there, and to certain relief workers providing assistance following the disaster events. Any individual visiting a covered disaster area who is injured or killed as a result of the disaster events is also entitled to deadline relief.

Affected taxpayers who reside or have a business located outside the covered disaster area are required to call the IRS disaster hotline at 1-866-562-5227 to request relief to which they feel they may be entitled.