Tax Relief in Wake of Hurricane Matthew

Tax Relief in Wake of Hurricane Matthew
One of the most surprising things that I’ve discovered after becoming a tax accountant is that the IRS isn’t totally heartless. Is it a massive governmental bureaucracy that is sick and tired of hearing every excuse as to why you can’t file your taxes? Of course. Are there a few agents who wouldn’t qualify to donate ...

Casualty Loss Deduction – Special Cases

Casualty Loss Deduction - Special Cases
In two previous posts I discussed theft loss and casualty loss, which combine together like Voltron for your Theft and Casualty Loss Deduction on a tax return. Since this is a complicated topic (what tax topic isn’t?), we still have a few more random items to discuss before we’re all the way through. Loss on ...

Taxes and Destruction – The Casualty Loss Deduction

Taxes and Destruction - The Casualty Loss Deduction
While growing up in Redding, California, the disasters rolled around every year like our SimCity god was bored of our typical day to day living. If we didn’t suffer massive flooding and storm damage in the winter, then we could look forward to uncontrolled fires in the summer. Catastrophic events hit throughout the nation all the time, ...