Tax,
LA Fires
Jan. 15, 2025
Tax relief approved for LA County wildfire victims
The IRS and California FTB have extended tax deadlines and Section 1031 exchange periods to October 15, 2025, providing relief to Los Angeles County residents and businesses impacted by devastating wildfires.
Destroying entire neighborhoods, taking lives and displacing over 100,000 people, the multiple wildfires still raging in Los Angeles County are among the worst in California history. In an effort to grant some relief to the disaster victims, last week the Internal Revenue Service (IRS) extended due dates for both tax returns as well as granted extensions for Section 1031 exchanges.
As a result, taxpayers who live in or ha...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In