The members of the North Bay Enrolled Agents and the members of CSEA mourn with our neighbors the losses incurred with the California wildfires. We can’t turn back time but what we can do is bring you the latest tax information available on dealing with this loss. We will be adding information on how to deal with the requirements for reporting this loss as well as any relevant information we find to help you through this period. We will provide links to additional resources that may be appropriate and the members of CSEA will be available at no charge to provide you with guidance.
Latest Tax Information for Victims of California Disasters
With many homes, businesses, or property destroyed or damaged in the wildfires, property owners should contact their County Assessor’s Office to discuss possible property tax relief options. In many cases, the damaged property can be reappraised in its current condition, with some taxes refunded to the property owner. Once rebuilt, the property’s pre-damaged value will be restored.
To qualify for property tax relief, you must file a claim with your County Assessor’s Office within the time specified in your county ordinance, or 12 months from the date of damage or destruction, whichever is later. The loss estimate must be at least $10,000 of the current market value to qualify and the disaster must be the result of a Governor-proclaimed state of emergency.
Property owners may also apply for a property tax deferral without penalties or interest. If property owners file a timely claim, the next property tax installment payment is deferred without penalty or interest until the county assessor has reassessed the property and a corrected tax bill has been sent to the property owner. For further information on property tax disaster relief, please see our Disaster Relief web page with helpful information including Frequently Asked Questions (FAQs).
FEDERAL RELIEF (IRS) The president must declare a federal disaster before the IRS can authorize federal tax relief. California Governor Newsom has not requested a Federal Disaster Declaration for the Kincade, Tick, Getty, or Easy Fires at this time. CALIFORNIA RELIEF...
The California Department of Insurance announced today that 26 insurance companies have agreed to extend the time limits for 2017 wildfire survivors to access additional living expense benefits after Commissioner Ricardo Lara appealed to them to stand by their...
General Disaster Tax Relief Information
IRS Disaster Resource Guide for Individuals and Business – This resource guide provides information to individuals and businesses affected by a federally declared disasters.
Casualty Losses for Tax Years 2018 through 2025 (No easy to read guidance has been published yet. This is a link to the code section. Sec. 165(h)(5) was added as part of the Tax Cuts and Jobs Act limiting personal casualty losses unless taxpayer is in a Federally Declared Disaster).
Casualty, Disaster, and Theft Losses and your federal income tax (for tax years before 2018)
Franchise Tax Board
California Department of Tax and Fee Administration (formerly the SBOE)
Flyer to provide at meetings, info sessions and shelters
Property Tax Reassessments
- Butte County
- Lake County
- Los Angeles County
- Mendocino County
- Napa County
- Nevada County
- Orange County
- San Diego County
- Santa Barbara County
- Shasta County
- Solano County
- Sonoma County
- Trinity County
- Ventura County
- Yuba County
Employment Development Department (EDD)
Federal Disaster Assistance Resources
Federal Disaster Assistance – The Disaster Assistance Improvement Program’s (DAIP) mission is to provide disaster survivors with information, support, services, and a means to access and apply for disaster assistance through joint data-sharing efforts between federal, tribal, state, local, and private sector partners
North Bay Enrolled Agents (NBEA)
Enrolled Agents (EAs) are federally-licensed tax practitioners who may represent taxpayers before the IRS when it comes to collections, audits and appeals. As authorized by the Department of Treasury’s Circular 230 regulations, EAs are granted unlimited practice rights to represent taxpayers before IRS and are authorized to advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. Enrolled agents are the only federally-licensed tax practitioners who specialize in taxation and have unlimited rights to represent taxpayers before the IRS. The enrolled agent profession dates back to 1884 when, after questionable claims had been presented for Civil War losses, Congress acted to regulate persons who represented citizens in their dealings with the U.S. Treasury Department. Enrolled agents’ expertise in the continually changing field of taxation enables them to effectively represent taxpayers at all administrative levels within the IRS.
NBEA is the North Bay Chapter of the California Society of Enrolled Agents.