As a result of the wildfires in Los Angeles County, California,
on January 10, 2025, the IRS extended substantially all tax filing and
payment dates until October 15, 2025, for residents of Los Angeles
County. On January 11, California granted the same extensions. Thus, residents of Los
Angeles County received extensions to file and pay their 2024
income taxes, 2025 income tax estimates, 2024 gift taxes, and
estate tax returns falling due between January 7, 2025, and October
15, 2025. Certain time-sensitive tax actions, including the 45- and
180-day deadlines for Section 1031 exchanges, were also
extended.
In addition to applying to Los Angeles County residents, the relief
applies to taxpayers whose records necessary to meet a tax deadline
are in the covered disaster area. Thus, a client of a tax preparer
located in Los Angeles County, regardless of the client's
location, is also entitled to relief.
Note that under regulatory authority, the extensions granted by the
IRS run concurrently with the extensions that a taxpayer could
otherwise have obtained. Thus, if an individual died on September
17, 2024, the estate tax return was originally due nine months
later, on June 17, 2025, but that due date has now been extended to
October 15, 2025. If the executor wishes to obtain the automatic
six-month extension to file the estate tax return, that period is
measured from the original June 17 due date so that an extension is
only available until December 17, 2025, not six months
after October 15.
As of January 13, 2025, no property tax extensions have been
granted. Thus, the second installment of California fiscal year
2024-25 real property taxes will be delinquent if not paid by April
10, 2025.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.