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.
Please watch the message above from FICPA President & CEO Shelly Weir and then review the list of resources below, including:
- A link to our newly launched Hurricane Ian Impact Assessment member survey
- Access to our FICPA Hurricane Ian Office Share Portal
- Our letters to the DOR, the IRS, and FinCEN
- And information on two free webinars coming this Thursday on Disaster Relief and the 2022 Election
Hurricane Ian Impact Assessment
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.
As always, you can reach our our Member Service Center at (850) 224-2727 or firstname.lastname@example.org.
If you have questions not covered in this list of resources related to tax-filing relief, you can email email@example.com.
Have office space? Need office space? Join our portal!
The FICPA is a community of 19,000 strong. Unfortunately, many of our members have been displaced and had their offices destroyed by Hurricane Ian.
The FICPA encourages members not affected by Hurricane Ian to "open your doors" and help fellow members resume their daily business interactions with clients.
If you have office space to share, or if you are displaced and in need of office space, fill out the appropriate form below. An FICPA representative will contact you and match you with a fellow member.
Thank you for supporting your fellow FICPA members!
Disaster Relief Updates
FICPA urges DOR to provide state tax relief
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. Weir also asked the Department to consider taking these steps to provide relief:
- Provide extensions on filing and paying taxes during and after the emergency period, including filing and paying corporate income taxes
- Suspend tolling provisions for all audit and protest periods currently administratively open
- Suspend all collection activities for a reasonable period of time
FICPA pushes for Notice 2022-36 and FBAR filing relief
Last Friday, the FICPA sent a letter to IRS Commissioner Charles Rettig thanking the IRS for granting filing relief to citizens in Florida. In that letter, we requested additional guidance with respect to the Sept. 30 deadline for COVID-19 penalty relief. We have asked the IRS to grant additional relief to those who were unable to meet the Sept. 30 deadline as a result of Hurricane Ian.
And 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.
FICPA to host Disaster Recovery webinar
The FICPA will host a complimentary webinar this Thursday, Oct. 6, at 4 p.m. on Hurricane Ian recovery matters – including tax filing deadlines and other important relief and recovery information – with Jerry Schreiber, CPA. Schreiber is the author of “Documenting a Casualty Loss” in the Journal of Accountancy.
He has been actively involved in disaster tax matters and presented seminars for Hurricanes Katrina, Rita, Wilma, Gustav, Ike, Isaac, Irene, Sandy, Matthew and Harvey; the Nashville, Tennessee flooding, Colorado Springs fires and 2014 Oklahoma tornadoes; the 2015 South Carolina flooding; and the spring 2016 and August 2016 Louisiana flooding.
Don't miss our General Election webinar
While the state begins to recover from Hurricane Ian, the General Election is fast approaching. This Thursday, Oct. 6 at 3 p.m., the FICPA will provide an overview of the upcoming elections and need-to-know information for members before they head to the polls. This members-only event includes:
- How the Florida CPA/PAC works and why it matters in the November elections
- Statewide polling data
- Overview of 2022 ballot and key races for the CPA profession
- Information about Florida CPA/PAC-supported candidates
- How FICPA members can become involved