Disaster Loss – For Individuals and Businesses
Franchise Tax Board (FTB) follows federal treatment for individuals and businesses affected by disasters in the United States.
When mail delivery is disrupted due to a large-scale disaster, we normally delay bills and notices for two weeks.
- How to claim a state tax deduction.
- Request an abatement of Interest
- Federal postponement periods and tax relief information
- Other government agency disaster information
How to claim a state tax deduction
Disaster loss relief: 2001 to Current
If you are a California resident or nonresident, are affected by a government-declared disaster, and have a California tax-filing requirement, the disaster rules and postponement periods automatically apply to you.
For more information, refer to FTB 1034 - How to Claim a State Tax Deduction for Your Disaster Loss. Topics include:
- What’s new
- General information
- Casualty and disaster losses
- Claiming a disaster loss on an amended tax return
- Disaster loss carryover rules
- How to calculate a disaster loss
- Federal postponement periods
- Disasters outside of California
- Documentation you must attach to your California tax return
- When to claim your disaster loss
- How to replace California tax returns lost or damaged in a disaster
- Where to get forms to claim your loss
- Information and assistance on claiming a California disaster loss
- Federal forms and information
- Federal Emergency Management Agency (FEMA)
Important – When you file your tax return, write in red ink at the top of your tax return the name and date of the specific disaster.
Request an abatement of interest
Effective January 1, 2013, FTB will abate interest during the time we delay mailing of bills and notices as a result of disasters declared by:
- The President of the United States, or
- The Governor of California as a State of Emergency
How to request - You must request interest abatement in writing by completing FTB 3701, Request for Abatement of Interest.
Executive and Advocate Services MS A381
FRANCHISE TAX BOARD
PO BOX 157
SACRAMENTO CA 94267-8888
If we deny your request - You will receive a formal letter of denial explaining your right of appeal to the State Board of Equalization within:
- 30 days in the case of any unpaid interest, or
- 90 days in the case of any paid interest.
For your appeal rights and actions, see FTB 5847l, Procedure for Appealing a Denial or Partial Denial of a Request for Abatement of Interest.
Federal postponement periods and tax relief information
California automatically follows federal postponement periods as announced by the Internal Revenue Service (IRS).
- Tax deadlines subject to postponement include due dates for:
- Fling tax returns
- Paying income taxes
- Making contributions to a traditional Individual Retirement Arrangement (IRA) or Roth IRA.
- Postponement time frame: Up to one year
- Interest and penalties – Canceled on the underpaid income tax for the length of any postponement deadlines.
- Internal Revenue Service - Disaster Assistance and Emergency Relief for Individuals and Businesses
- Publication 547, Casualties, Disasters, and Thefts
Other government agency disaster information
- American Red Cross - Get disaster information and relief services.
- DisasterAssistance.gov - Information from 17 US Government Agencies where taxpayers can apply for Small Business Administration loans through online applications, receive referral information on forms of assistance that do not have online applications, or check the progress and status of their applications online.
- Federal Emergency Management Agency (FEMA) - Federal disaster aid programs available to citizens affected by major disasters.
- Benefits.gov - Provides a variety of national benefit and assistance programs geared toward disaster recovery.
- READY.gov - Learn how individuals and businesses can prepare for and respond to all kinds of disasters and emergencies.
- Rebuild Your Life - Find resources and information you need to know about rebuilding your home and life.
- Small Business Administration (SBA) - Provides affordable, timely, and accessible financial assistance to homeowners, renters and businesses of all sizes located in a declared disaster area. Financial assistance is available in the form of low-interest, long-term loans for losses that are not fully covered by insurance or other recoveries.
Disaster loss relief – 2001 to Current
|2008 - Current||Recent Disaster Loss Relief||FTB Publication 1034|
|2007||Southern California Wildfires of 2007 Yield Retroactive Tax Relief||FTB Press Release - FTB Offers Tax Postponement Periods to Fire Victims|
|January 2007||California Severe Freeze||FTB Publication 1034A-12|
|July 2006||San Bernardino County Wildfires: San Bernardino County California||FTB Publication 1034A-11|
|August - October 2005||Katrina, Wilma, and Rita Hurricanes|
|March - April 2006||California Severe Storms, Flooding, Mudslides, and Landslides: Northern California||FTB Publication 1034A-9|
|December 2005 - January 2006||California Severe Storms, Flooding, Mudslides, and Landslides: Northern California||FTB Publication 1034A-8|
|December 2004 - January 2005||California Severe Storms, Flooding, Debris Flows and Mudslides: Southern California||FTB Publication 1034A-7|
|June 2004||Jones Levee Break: San Joaquin Valley||FTB Publication 1034A-6|
|December 2003||San Simeon Earthquake: Southern California||FTB Publication 1034A-5|
|October 2003||Southern California Wildfires: Southern California||FTB Publication 1034A-4|
|September 3, 2000||Earthquake Damaged Locations: Napa County, California||FTB Publication 1034A-2|
|September 11, 2001||Terrorist Attacks||FTB Publication 1034A-1|
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