With Idalia on approach, we invite you to watch this free webinar replay, as renowned disaster-relief expert Gerard H. "Jerry" Schreiber covers everything you need to know to best assist your clients before and after a storm.
FICPA Disaster Resources
Gov. Ron DeSantis on Tuesday issued Executive Order 23-172 expanding the number of counties under a state of emergency in preparation for Tropical Storm Idalia from 46 counties to 49 counties.
Eligible taxpayers that file Florida corporate income/franchise tax returns with original or extended due dates falling on or after April 12, 2023, and before Aug. 30, 2023, will now have a due date of Aug. 30, 2023.
Florida storm victims now have until Aug. 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
The FICPA on Friday sent a letter to IRS Commissioner Danny Werfel and Chief of Staff Heather Maloy regarding the April 18 filing deadline and the current State of Emergency in Broward County.
On Thursday, Florida Gov. Ron DeSantis issued Executive Order 23-65, declaring a state of emergency for Broward County in response to the severe flooding that began on April 12.
The legislation designates Hurricane Ian as a qualified disaster for the purposes of determining tax treatment of certain disaster-related personal casualty losses.
Click here to access a replay of our "Hurricanes Ian and Nicole: Tax Matters" disaster-recovery webinar from Feb. 28 and to download an FAQ sheet covering issues from the session.
This 10-page, disaster-relief FAQ prepared by Gerard Schreiber is an in-depth look into your most pressing concerns, as you help clients navigate the recovery process.
Hurricanes Ian and Nicole occurred after the TCDTRA 2020 window for the special rules; therefore, losses from these hurricanes do not meet the definition of “qualified disaster loss.” As a result, taxpayers with losses from Ian and Nicole are currently subject to less favorable tax treatment.