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President Joe Biden on Thursday signed H.R. 5863, the “Federal Disaster Tax Relief Act of 2023,” which will designate a series of presidentially-declared disasters as qualified disaster events.

On Wednesday, the U.S. Senate unanimously passed Federal Disaster Tax Relief Act. The legislation would allow Americans who were subjected to damages from hurricanes and other federally declared disasters to claim such losses without itemizing such deductions. Moreover, such losses would not have to exceed 10% of a claimant’s adjusted gross income to qualify.

The Financial Crimes Enforcement Network on Tuesday issued a series of extensions to those entities which are required to file beneficial ownership information (BOI) reports.

This is a free replay of our Oct. 23 webinar with disaster-relief expert Jerry Schreiber, featuring links to assorted guides and resources referenced in the two-hour presentation.

The latest episode of FICPA CEO Conversations features an interview with FICPA Board member Mindy Rankin. In 20 minutes, Mindy discusses the top five things you need to know to serve your clients, including new filing deadlines, qualified disaster information, calculating costs and more.

The state of Florida has weathered Hurricanes Milton, Helene and Debby this season, prompting multiple filing-extension notices from federal and state agencies. These are the most up-to-date deadlines following Hurricane Milton.

The Financial Crimes Enforcement Network (FinCEN) today issued four notices extending the filing date of Reports of Foreign Bank and Financial Account (FBARs) for victims of recent natural disasters, including Hurricane Helene, Hurricane Debby, Hurricane Beryl, and Tropical Storm Francine

Hurricane Helene has prompted filing extensions to May 1, 2025, from both the Internal Revenue Service and the Florida Department of Revenue for taxpayers in 41 affected counties. We've put together this county-by-county list of due dates.

On Thursday, we presented a "Hurricane Helene: Getting Started with Recovery" webinar, featuring nationally renowned disaster-relief expert Gerard Schreiber and FICPA Board member Mindy Rankin. Watch the replay here.

The Florida Department of Revenue on Wednesday granted relief to counties impacted by recent storms, including Hurricanes Helene and Debby and the severe weather that hit the Big Bend region in May.

The IRS has issued a tax-filing extension to May 1, 2025, for 41 Florida counties impacted by Hurricane Helene. Those taxpayers with returns and payments with due dates postponed until Feb. 3, 2025, due to Tropical Storm Debby in Florida, will also now have until May 1, 2025, to file and/or pay.

The FICPA on Monday sent letters to both the U.S. Treasury's Financial Crimes Enforcement Network and the Florida Department of Revenue, requesting filing relief for those Florida counties in which a major disaster has been declared.

We're hosting a complimentary webinar on Hurricane Helene recovery matters with the profession’s foremost expert on disaster relief: Jerry Schreiber, CPA. Join us this Thursday, Oct. 3, at 3 p.m., as we cover effective filing dates, preparing returns for taxpayers in the affected area, and relevant legislation.

Has your home or business suffered damage from the storm? Please complete this post-storm member survey so that we can direct our efforts to supporting the members and areas who us most.

Federal Emergency Management Agency updates and resources for Charlotte, Citrus, Dixie, Franklin, Hernando, Hillsborough, Jefferson, Lafayette, Lee, Levy, Madison, Manatee, Pasco, Pinellas, Sarasota, Taylor, and Wakulla counties.

The president’s action makes federal funding available to affected individuals in the counties of Charlotte, Citrus, Dixie, Franklin, Hernando, Hillsborough, Jefferson, Lafayette, Lee, Levy, Madison, Manatee, Pasco, Pinellas, Sarasota, Taylor, and Wakulla.

Individuals and businesses who want to help individuals affected by the disasters may not realize there are “Qualified Disaster Payments” that allow disaster victims not to include as income some assistance payments they receive.

FloridaCommerce and the State Emergency Response Team (SERT) on Friday activated the Business Damage Assessment Survey in response to Hurricane Helene. Business owners can self-report physical and economic damage caused by Hurricane Helene. Survey responses will allow the state to expedite Hurricane Helene recovery efforts by gathering data and assessing the needs of impacted businesses.

With Potential Tropical Cyclone Nine currently forecast to hit Florida as a major hurricane, Gov. Ron DeSantis on Tuesday morning updated his executive order to expand the number of counties under a state of emergency to 61.

President Joe Biden on Tuesday declared that an emergency exists in the state of Florida and ordered federal assistance to supplement state, tribal, and local response efforts due to the emergency conditions resulting from Tropical Storm Helene beginning on Sept. 23, 2024, and continuing.