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In the wake of Hurricane Ian, the FICPA was honored to have nationally renowned disaster relief export Jerry Schreiber address our members on Thursday. Watch the free replay of this important webinar.

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

FinCEN announced Thursday that victims of Hurricane Fiona in Puerto Rico; Hurricane Ian in Florida, North Carolina, and South Carolina; and storms and floods in parts of Alaska have until February 15, 2023 to file Reports of Foreign Bank and Financial Accounts (FBARs) for the 2021 calendar year.

On Wednesday, Florida Department of Revenue Executive Director Jim Zingale announced extended due dates for corporate income tax filers impacted by Hurricane Ian following the recent declaration from the Internal Revenue Service (IRS).

This offers relief to taxpayers who were victims of Hurricane Ian and have a California filing requirement,” said State Controller and FTB Chair Betty T. Yee. “For some, this will mean several additional months to file their California tax returns or make their quarterly estimated tax payment to the state.”

With recovery efforts underway across the state, FICPA is here to support members throughout Florida who have been impacted by Hurricane Ian. Please take a moment to complete this member survey, so that we can take steps to provide assistance in the most-needed areas.

On Tuesday, Oct. 4, President & CEO Shelly Weir submitted a formal request to Florida Department of Revenue Executive Director Jim Zingale asking for any and all tax relief that may be available from the Department.

On Monday, Oct. 3, the FICPA sent a letter to the Acting Director of the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) requesting relief from the Oct. 17 Report of Foreign Bank and Financial Accounts (FBAR) filing deadline.

As Florida begins its recovery in the aftermath of Hurricane Ian, this Oct. 4 edition of Advocacy Update is focused on our ongoing relief efforts and what we can do to match those in need with those who want to help.

As of Monday afternoon, we know that more than 6,000 of our fellow CPAs and accounting professionals in the FICPA have been directly impacted by Hurricane Ian. We are all in this together.