Table of Contents.

Description:

Taxpayers who suffer a casualty, theft or disaster have a lot on their minds, and the last thing is probably their taxes. There are tax laws in place to offer help for loss victims, including those who could use their tax filing to obtain much-needed cash. Knowing this information sets you up to be a huge asset when your clients need you most. This book helps tax professionals identify and report casualty, theft and disaster losses. Additionally, you’ll learn the tax provisions of insurance reimbursements, disaster assistance, disaster payments, record reconstruction and how to calculate the value of lost items.

Casualty, Theft and Disaster Losses covers:

• Identifying casualty, theft and disaster losses.
• How to handle insurance reimbursements and disaster payments.
• How to reconstruct a taxpayer’s records.
• Calculating and reporting the loss on Form 4684, Casualties and Thefts.
• Calculating the basis of replacement property.

Product Details:

Level: Intermediate level

Author: NATP Staff

Publisher: NATP

Publication Date: 2019

Format: Electronic

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Corresponding CPE Courses:

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Casualty, Theft and Disaster Losses Self-Study Course

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