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Visit our dedicated disaster recovery and relief webpage for filing updates from the IRS and FTB related to California wildfires, as well as other resources to help you or your clients minimize the financial impact of recent wildfires. You’ll also find links to the AICPA/Red Cross Disasters and Financial Planning Guide, information on the AICPA Benevolent Fund and disaster recovery information and a guide for CPAs to providing disaster assistance, both courtesy of the Texas Society of CPAs.
When an earthquake, wildfire or flood can affect Californians like you. Should the Federal Emergency Management Agency (FEMA) declare a disaster in your area, you may be eligible for certain tax and other benefits. Regardless, it is a good idea to be prepared for a disaster beforehand. Following are various resources that can help you learn how to minimize the financial impact of a disaster.