2019-29: FTB announces penalty relief for 2019 public safety power shutoffs - Spidell

2019-29: FTB announces penalty relief for 2019 public safety power shutoffs


Taxpayers impacted by the October 2019 public safety power shutoffs may be eligible for penalty relief when the penalties are the result of filing their tax return after the October 15, 2019, extended-filing deadline due to the power shutoffs.

If a taxpayer in the impacted counties is assessed a late-filing penalty, they may request penalty abatement upon a showing of reasonable cause. For more information and to request penalty abatement go to:

www.ftb.ca.gov/help/disagree-or-resolve-an-issue/claim-for-refund.html#Reasonable-cause

We have not heard anything definitive from the IRS, but we assume they will also provide a reasonable cause abatement for affected taxpayers. We will keep you posted on this issue.

Attend Spidell’s Federal and California Tax Update Seminar and be ready for tax season in just one day. Click here for more information on the seminar, or see below for a list of locations.

Northern Locations
Southern Locations
Seminar time: 8:30 a.m. to 4:45 p.m.

 

Webinar 1
Dec. 9—10 (Monday and Tuesday)
8:30 a.m. to noon PT
Webinar 2
Jan. 16—17 (Thursday and Friday)
8:30 a.m. to noon PT
On-Demand Webinar
Available by Dec. 17
Self-Study
Print and Online versions available December 1, 2019