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Tax · Analysis · Education
FTB announces penalty relief for 2019 public safety power shutoffs (10-11-19)
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 ... able-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.