Tax News

CCH (cch.taxgroup.com) reports:

  The California Franchise Tax Board will postpone corporation franchise and income tax and personal income tax deadlines until January 5, 2009, for taxpayers affected by Hurricane Gustav to file returns, pay taxes, and perform other time-sensitive acts for deadlines falling between September 1, 2008, and January 5, 2009.

  The relief applies to taxpayers who live or have a business located in the following Louisiana parishes: Acadia, Allen, Ascension, Assumption, Avoyelles, Beauregard, Cameron, East Baton Rouge, East Feliciana, Evangeline, Iberia, Iberville, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, Rapides, Sabine, St. Bernard, St. Charles, St. James, St. John the Baptist, St. Landry, St. Martin, St. Mary, Terrebonne, Vermilion, Vernon, West Baton Rouge, and West Feliciana. Taxpayers not living in the disaster area, but whose books, records, or tax professionals' offices are in the covered disaster area, are also entitled to relief. Relief is also available to relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area.

  Taxpayers needing copies of lost or damaged state returns should complete Form FTB 3516, Request for Copy of Tax Return. Disaster victims receive copies of tax returns for free. "Louisiana/Hurricane Gustav" should be printed in red at the top of the request.

Press Release , California Franchise Tax Board, September 5, 2008.