Nov 29, 2018 | Casualty Gain
Many victims of the California wildfires have been surprised to learn that they have a gain on the loss of their rental property in the California wildfires. When you lose your rental in a sudden and unexpected event like a wildfire, it is called a casualty. If the...
Nov 26, 2018 | Property Tax
If you already made your November property tax payment to Butte County but do not want the check processed, the Butte County Treasurer’s office are currently holding those payments. First, contact your bank to see if your check is still outstanding (not paid...
Nov 16, 2018 | Casualty Loss Deduction, Disaster Loss Deduction, Disaster Relief
Is Congress going to provide us any additional tax relief? We hope so… According to Senator Feinstein’s office, Senators Dianne Feinstein and Kamala Harris (both D-Calif.) joined with Senators Richard Burr (R-N.C.), Thom Tillis (R-N.C.), Lindsey Graham...
Nov 16, 2018 | Franchise Tax Board, IRS
If you lost copies of your prior year tax returns in the fire: Request copies of your Federal Income Tax Returns by filing Form 4506 Request for Copy of Tax Return with the IRS. If you write “California Wildfires” in red ink at the top, the IRS will waive...
Nov 16, 2018 | Filing Deadline, IRS, Payroll tax
Individual who reside or have a business in Butte, Los Angeles, and Ventura counties have more time to file and pay with the IRS: Estimated tax payments normally due on Jan 15, 2019 and April 15, 2019 can now be paid by April 30, 2019. Quarterly Payroll reports and...