The Internal Revenue Service (IRS) announced that it will extend the tax-filing deadline for California storm victims to October 16, 2023. The extension is meant to provide relief to individuals and businesses affected by the severe storms, flooding, landslides, and mudslides that hit the state earlier this year.

This extension applies to taxpayers who live or have a business in certain counties affected by the storms, including Los Angeles, San Bernardino, and Ventura counties. A full list of affected areas can be found on the IRS website. It will give them additional time to file their tax returns and make tax payments without penalty or interest charges.

The IRS understands that natural disasters can be devastating to those impacted and that the recovery process can be a lengthy one. That's why the agency is providing this extension to help alleviate some of the stress caused by the storms.

To take advantage of the extension, taxpayers must identify themselves as a California storm victim by writing the name of the storm in red ink at the top of their tax return. Additionally, those who have already filed their returns and are due a refund can contact the IRS to request expedited processing of their returns.

The IRS has also reminded taxpayers that they may be eligible for other tax relief options, such as casualty loss deductions or payment plans, to help them recover from the storms. Those who are eligible can consult the IRS website or contact a tax professional to learn more about the available options.

Additionally, California Franchise Tax Board has announced that it will also be extending the filing deadline to affected taxpayers to October 16, 2023.

The IRS's and FTB’s decision to extend the tax-filing deadline for California storm victims to October 16, 2023, is a welcome relief to those who have been impacted by the recent storms. It provides taxpayers with additional time to file their returns and make payments without incurring penalties or interest charges. For those who have been affected, it's important to take advantage of this extension and explore other available tax relief options to help them recover from the storms.