The Internal Revenue Service is extending tax return filing and payment deadlines for victims of the severe Southern California wildfires. Specifically, for taxpayers in the Presidential Disaster Area –– consisting of Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura counties –– will have until Jan. 31, 2008, to file returns, pay taxes and perform other time-sensitive acts. The extended deadline applies to items due on or after Oct. 21, 2007, when the fires began, and on or before Jan. 31, 2008.
Posted by Lewis J. Saret, General Editor, The Wealth Strategies Journal.
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