Bay Area Tax Attorney Steve Moskowitz explained a tax mechanism implemented by the government that can benefit California wildfire victims. He explained casualty losses and involuntary conversion, how to get your tax refund faster, and other tax relief offered to victims of the fires.
The IRS is currently providing relief to these affected counties: Butte, Lake, Mendocino, Napa, Nevada, Sonoma, Yuba, Orange and Solano.
Moskowitz recommended checking the IRS website periodically for potential additions, or contacting Moskowitz LLP for tax help today.