The California Franchise Tax Board (FTB) released its February 2025 Tax News publication. Information in the publication includes details on emergency tax relief for individuals and businesses affected by the Los Angeles County fires that began on Jan. 7, allowing them to postpone filing and paying taxes until Oct. 15. The document also reminds taxpayers of existing relief for those impacted by the San Diego County floods in 2024 and introduces a new form for requesting postponement of tax deadlines due to California disasters. [Cal. Franchise Tax Bd., California FTB Tax News February 2025, 02/26/25]
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