Skip to Main Content

State Tax Relief for Tsunami Waves

tel 916.845.4800
Media Contact Only

Public Affairs Office
publicaffairsoffice@ftb.ca.gov

For Immediate Release

04.28.2011

Sacramento – The Franchise Tax Board (FTB) announced that California taxpayers affected by the tsunami waves in the federally-declared disaster area will be given special tax relief.

The President declared a major disaster for Del Norte and Santa Cruz counties from the tsunami waves resulting from the March 11, 2011, earthquake that hit Japan.

Special tax rules apply to disaster losses. Affected taxpayers can claim a disaster loss in the year before the disaster occurred by claiming it on their 2010 original tax return if they have not yet filed. Those who have already filed their 2010 state return can still claim a disaster loss with Form 540X, Amended Individual Income Tax Return. The advantage of claiming a disaster loss in the prior year is that FTB can quickly issue a refund. Taxpayers can wait and claim a disaster loss on the 2011 tax return due next year.

Taxpayers claiming the disaster loss should write “Tsunami Waves” in red ink at the top of the tax return to alert FTB to expedite the refund. Taxpayers e-filing should follow the software instructions to enter the disaster information.

Disaster losses are reduced by any insurance proceeds or other reimbursements they receive. The following publications provide guidelines on calculating those losses.

FTB 1034 - Disaster Loss How to Claim a State Tax Deduction
FTB 1001 - Supplemental Guidelines of California Adjustments
IRS 547 - Casualties, Disasters and Thefts

Affected taxpayers can request free copies of state tax returns with FTB 3516, Request for Copy of Tax Return. This form is available online at ftb.ca.gov. The name of the disaster should be printed in red at the top of the request.

For more information on other taxes and fees in California, visit: taxes.ca.gov.

Connect With Us

Help Us Improve Our Website

Don't include social security numbers or other personal/confidential information.



Thank you for your help.

If you need assistance, contact us.

Oops! Something went wrong.

We appreciate your feedback. Please try again later

Chat with an FTB Representative
 

You are leaving ftb.ca.gov

We do not control the destination site and cannot accept any responsibility for its contents, links, or offers. Review the site's security and confidentiality statements before using the site.

If you have any issues or technical problems, contact that site for assistance.

Ahora está saliendo de ftb.ca.gov

Nosotros no controlamos el sitio web al que se destina y no podemos aceptar ninguna responsabilidad por su contenido, enlaces, u ofertas. Revise las declaraciones de seguridad y confidencialidad del sitio antes de usar el sitio. Si tiene algún problema en general o técnico, comuníquese con ese sitio para obtener asistencia.

Si tiene algún problema en general o técnico, comuníquese con ese sitio para obtener asistencia.