Casualty loss | AccountingWEB

Casualty loss


After Mother Nature Strikes: Tax Relief for Victims of Natural Disasters

Answers to four of the most often-asked questions regarding deductions for property losses due to an act of nature.

Bipartisan Bill Would Adjust Tax Liability for Mutual Insurers

Two Iowa lawmakers led a bipartisan group of five senators in introducing a bill on July 23 that would increase the alternative tax liability limitation for small property and casualty insurance companies.

IRS Offers Four Steps for Hurricane Protection

Now that hurricane season is arriving, the IRS is encouraging both individuals and businesses to take the appropriate steps to safeguard themselves against a potential catastrophe.

IRS Extends Tax Deadlines for Oklahoma Tornado Victims

Following Monday's disaster declaration for individual assistance issued by FEMA, the IRS announced May 21, 2013, that affected taxpayers in Cleveland, Lincoln, McClain, Oklahoma, and Pottawatomie counties will receive special tax relief.

JH Offers Post-Sandy Service Tips

Jackson Hewitt Tax Service highlights some key considerations for tax service providers who want to help eligible taxpayers in their area take advantage of disaster-related tax considerations.

IRS Offers Trade-off to Help Hurricane Victims

The power still may be out for hundreds of thousands of residents in areas devastated by Hurricane Sandy, but at least the IRS is giving business people around the country another opportunity to help victims out.

Frankenstorm: Post-Hurricane Accounting for Casualty Loss

After Hurricane Sandy and subsequent damage to the Northeast region, taxes are probably the last thing on your mind. However, with disasters comes property damage.
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