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Tax Deadlines Extended for Flood Victims

March 6, 2024 Phil Jelsma News

Due to rainstorms that caused major floods and landslides — and millions of dollars in property damage — the Internal Revenue Service (IRS) recently granted disaster relief to storm victims throughout San Diego County, resulting in extended due dates for both tax returns as well as extensions for Section 1031 exchanges.

As a result, taxpayers living in designated disaster areas throughout the county can file returns with a balance due, with plans to make a final payment by the postponed due date of June 17, 2024. The California Franchise Tax Board  has followed the IRS’s lead.

The full article by Phil Jelsma can be read in The Daily Journal  here and The Daily Transcript  here (subscriber only).