Franchise Tax Board Offers Tax Relief to Napa Earthquake Victims

This week, the Franchise Tax Board (FTB) announced that state tax relief is available to taxpayers affected by the south Napa earthquake last month.  On September 11, 2014, President Obama declared a major disaster in Napa and Solano counties as a result of the 6.0 earthquake on August 24, 2014.  The declaration allows tax payers to claim disaster losses in the 2013 or 2014 tax year.  Additional information on how to file a claim can be accessed here.