The wildfires in California continue to spread and estimates suggest that 100,000 people were under evacuation orders. Some good news is that the Department of Forestry and Fire Protection feels that they have “turned a corner” recently with the fires, as weather conditions have changed in the positive for Fire Fighters. The other good news is that the IRS is giving victims and first responders an extension on various payment and filing deadlines as of October 8, 2017. These individuals will have until January 31, 2018, to make payments or file returns that were due during this time. More information can be found on the IRS website.
This may not be much in the way of making the victims of this disaster whole again, but it is certainly one less thing that they will have to worry about for the next few months. In the meantime, the victims and first responders, along with the people affected by the hurricanes and Las Vegas shooting, need to be hyper-vigilant for tax scams targeted directly to them. Criminals will impersonate relief charities or IRS agents in order to gain personal bank information or solicit donations for organizations that do not exist. This article from CPA Advisor has some great information that you might want to pass along to your clients.
At EPS Financial, we are also looking to giving you and your clients some relief. Enrolling with us opens up taxpayer and ERO advances to help you start the season or get through the opening rush. Contact our sales representatives to see if you qualify for any or all of our advance products.